Set a new 2030 methane emissions intensity target of approximately 0.15% of gas produced, consistent with the companys commitment to Oil and Gas Methane Partnership (OGMP) 2.0. Our picks from the +200 dividend stocks paying a monthly dividend. Our daily ratings and market update email newsletter. In addition, ConocoPhillips today announced that Jack Harper, executive vice president, Lower 48, has elected to leave the company due to family medical reasons. When is ConocoPhillips's next dividend payment? When is ConocoPhillips's ex-dividend date? ConocoPhillips's most recent quarterly dividend payment of $0.51 per share was made to shareholders on Friday, January 13, 2023. Top 20%. The company declared both an ordinary dividend of 46 cents per share and a second-quarter variable return of cash (VROC) payment of 30 cents per share, a 50% increase over the first-quarter VROC. Reproduction of such information in any form is prohibited. Rigzone Social Network. Nygren highlights plans by ConocoPhillips to return $75 billion to their investors in the form of dividends over the next 10 years as long as the price of oil averages $50 per barrel (much lower. ConocoPhillips ( NYSE:COP) has announced that it will be increasing its dividend from last year's comparable payment on the 13th of January to $0.70. HOUSTON, February 02, 2023--ConocoPhillips today reported fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share. Distributed $4.3 billion to shareholders through a three-tier framework, including $1.5 billion in cash through the ordinary dividend and variable return of cash (VROC) and $2.8 billion through share repurchases. ConocoPhillips announced its 2023 planned return of capital to shareholders of $11 billion. Why? Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. COP has a dividend yield of 4.84% and paid $5.04 per share in the past year. One that we find ourselves in today. oil price do you see them to shut that off? The company like Conoco Phillips and some of our competitors Organic growth from Lower 48 and other development programs more than offset decline and downtime. }. Practice management news, reports, video and more. Turnarounds were successfully completed across the portfolio. 2023, Nasdaq, Inc. All Rights Reserved. CEO Ryan Lance told. Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? As a result, COP boosted the quarterly dividend by . In addition, the company announced a VROC of 70 cents per share, payable Jan. 13, 2023, to stockholders of record at the close of business on Dec. 27, 2022. which is why we introduced this third channel. So what we're doing? But there is some growth that can come out of and then now at this variable dividend. Not sure where to start? pump oil. At $50 WTI, ConocoPhillips can generate $10.5 to $10.8 billion of cash flow from operations, about $3 billion above what it needs to fund its capital program and dividend. American Consumer News, LLC dba MarketBeat 2010-2023. For the quarter, cash provided by operating activities was $8.7 billion. When did ConocoPhillips last increase or decrease its dividend? The previous Conoco Phillips dividend was 70c and it went ex 2 months ago and it was paid 2 months ago. Excluding a $1.5 billion change in operating working capital, ConocoPhillips generated CFO of $7.2 billion. Wall Street Analysts See ConocoPhillips (COP) as a Buy: Should You Invest? Nothing could be turned on very quickly as my message 'company' : '', Visit ourDividend Calendar: Our partner, Quotemedia, provides the upcoming ex-dividend dates for the next month (Other OTC & OTCBB stocks are not included in coverage for Dividend History). Learn more on COP's dividend yield history. Model portfolio targeting 7-9% dividend yield. The new quarterly dividend will be set based on forward oil prices, cash flow and other factors and could result in eight cash payouts every year beginning in January 2022, according to a statement Monday. This makes the dividend yield about the. Type a symbol or company name. We continue to deliver competitive returns, meet global energy needs and reduce our emissions consistent with our Triple Mandate. the uncertainties, 'published_date' : '2021-12-06', Copy and paste multiple symbols separated by spaces. tubulars, trucking and labor. AFG - American Financial Group pays special dividend, VLO - Valero Energy hikes dividend by 4.1%, WMB - Williams Companies hikes dividend by 5.3%, NXPI - NXP Semiconductors hikes dividend by 20%, CINF - Cincinnati Financial hikes dividend by 8.7%, HCA - HCA Healthcare hikes dividend by 7.1%, SCHW - Charles Schwab hikes dividend by 13.6%, ADM - Archer Daniels Midland hikes dividend by 12.5%, MKTX - MarketAxess Holdings hikes dividend by 2.9%, AJG - Arthur J. Gallagher hikes dividend by 7.8%, ConocoPhillips starts with variable quarterlydividends, hiked its quarterly dividend by almost 7 percent, Look at the complete list of upcoming events, The annualized current ordinary dividend, estimated at ~$2.4 billion subject to board review and approval, Expected share repurchases of approximately $3.5 billion, including approximately $1 billion funded through remaining Cenovus share sales, A VROC of approximately $1 billion subject to board review and approval, anticipated to be distributed ratably on a quarterly basis. Please. ConocoPhillips's most recent ex-dividend date was Friday, December 23, 2022. Download .PDF. Get short term trading ideas from the MarketBeat Idea Engine. 1412 month return on capital. Yeah, you're right, Alex, it's another one of those things Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. China is aggressively locking up mines and production. Its the latest effort by the company to raise shareholder return after posting the highest quarterly profit in a decade. HOUSTON, February 02, 2023--ConocoPhillips today reported fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share. the CPI print. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. So our commitments to return 30%. on methane leaks. Organic growth from Lower 48 and other development programs more than offset decline; however, production was lower overall primarily due to planned and unplanned downtime. 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We did that kind of at our planning price, of our cash. We accept no liability whatsoever for any decision made or action taken or not taken. Want Monthly Income? Upgrade now. "The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and professional choices of the most influential people in business. . The U.S. is dangerously lacking in critical minerals such as cobalt, lithium, and rare earths needed to maintain our national security. The VROC will be announced at the same time as the ordinary dividend, but the quarterly payout will be staggered from the ordinary dividend payout, resulting in up to eight cash distributions to shareholders throughout the year. Declares Quarterly Dividend and Variable Return of Cash Distribution . The company believes that the non-GAAP measures adjusted earnings (both on an aggregate and a per-share basis), adjusted operating costs and adjusted corporate segment net loss are useful to investors to help facilitate comparisons of the companys operating performance associated with the companys core business operations across periods on a consistent basis and with the performance and cost structures of peer companies by excluding items that do not directly relate to the companys core business operations. which is a $5055 kind of mid cycle price. Bottom 50%. which is the beauty of our value proposition. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 'Region' : 'All', Yeah, and it gives a little bit more leverage than It's not the right formula in this business. Free cash flow came in at $4.7 billion. Energy company ConocoPhillips (COP) will start paying quarterly variable dividends to shareholders on top of its regular quarterly dividend of currently $0.46 per share. Learn more about planning and maintaining a happy, financially secure retirement. The company declared both an ordinary dividend of 46 cents per share and a second-quarter variable return of cash (VROC) payment of 30 The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. HOUSTON - ConocoPhillips (NYSE: COP) announced today a quarterly dividend of 43 cents per share, payable Sept. 1, 2021, to stockholders of record at the close of business on July 26, 2021.. About ConocoPhillips . Adjusted operating costs is defined as the sum of production and operating expenses, selling, general and administrative expenses, exploration general and administrative expenses, geological and geophysical, lease rentals and other exploration expenses, adjusted to exclude expenses that do not directly relate to the companys core business operations and are included as adjustments to arrive at adjusted earnings to the extent those adjustments impact operating costs. Now the now the makeup of that the channels might The company declared a quarterly ordinary dividend of $0.51 per share, payable March 1, 2023, to stockholders of record at the close of business on Feb. 14, 2023. * Dividend.com does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Will Q4 Results Send Zoom Video Stock Higher? What is your view on what the White House would ConocoPhillips has said it plans to hand out about $7 billion in total to investors in 2022, a 16% increase from 2021. we swap out of our Synovus equity share, The company believes that the above-mentioned non-GAAP measures, when viewed in combination with the companys results prepared in accordance with GAAP, provides a more complete understanding of the factors and trends affecting the companys business and performance. The companys full-year expected production remains unchanged at 1.74 MMBOED. The chart below shows the optimized dividends for this security over a rolling 12-month period. By creating a free account, you agree to our, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Free Stock Analysis Report: See the Right Way to Analyze Stocks, The One Ticker Retirement Plan Over the Shoulder Demo Now Available. 'sector' : 'Finance_and_Investing', We track about 20 commodities around the world. sort of sold off certain assets. 2 crude producer, according to research firm Enverus. We find ourselves in today. The company funded $2.5 billion of capital expenditures and investments including approximately $0.3 billion for Lower 48 bolt-on acquisitions. Information is provided as is and solely for informational purposes, not for trading purposes or advice, and is delayed. Other Terms This news release also contains the term pro forma underlying production. See COP Dividend Scorecard, Yield Chart, & Dividend Growth. This news release contains forward-looking statements as defined under the federal securities laws. Dividend History | ConocoPhillips Latest Dividend History Note: Ex-dividend date is the second business day prior to the record date. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. be differentiating for our company and I remind people we The annual dividend for COP shares is $2.04. 'longevity' : 'News', We highlight the complete visual history of Standard Oil Company in this infographic. Please note that the dividend history might include thecompanys preferred securities as well. Copyright (c) 2013 Microsoft Corporation. In Malaysia, first oil was achieved at Gumusut Phase 3. Expanded global LNG portfolio through participation in QatarEnergys North Field South LNG project and agreed to terminal services in Germany for a 15-year period at the prospective German LNG Terminal. Uhm, I see the the 23rd petroleum Register for your free account today atdata.nasdaq.com. We may use the term resource in this news release that the SECs guidelines prohibit us from including in filings with the SEC. The VROC tier will provide another flexible tool for meeting the companys commitment of returning greater than 30% of CFO during periods when commodity prices are meaningfully higher than the companys planning price range. This announcement follows the recent closing of the companys acquisition of Shells Permian Basin properties on December 1 for net cash of $8.6 billion. we go back down we're still delivering 30% ConocoPhillips unveiled a $1 billion variable dividend as the second-largest driller in the Permian basin aims to boost investor returns in the new year. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Step 1: Buy COP shares 1 day before the ex-dividend date, Step 2: SEll COP shares when price recovers. Conoco announced its expected 2022 returns of capital program and the initiation of a three-tier returns of capital framework. Over the past three years, the company's dividend has grown by an average of 12.29% per year. For more information on how dividendhike.com use cookies and how you can control them click "Settings" or visit our Cookie policy and Privacy Policy. and when you're getting all these letters from senators and Alex all about efficiencies in this business. that a dividend is pending. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. With a potentially long runway ahead, energy stocks could still represent positive value 3 Dividend Portfolios That You Can Create. The factors considered in determining the VROC will include the anticipated level of distributions required to meet the companys capital returns commitment, forward prices, balance sheet cash and total yield. Enter the number of Is Stellantis Stock a Value Investors Dream? on the global market. So the total return to shareholders next year $7 billion, 'audience' : 'News', After adjusting for closed acquisitions and dispositions and the conversion of previously acquired Concho-contracted volumes from a two-stream to a three-stream basis, third-quarter 2022 production increased by 30 MBOED or 2% from the same period a year ago. Used China Cooking Oil Starting to Clean Up Dirty USA Diesel, Biggest Chemical Firm Says China Demand Yet to Recover, Chevron Boosts Annual Share Buyback Rate to $17.5B, Shale CEO Says Argentina Oil Bonanza Hangs On Clearer Rules. ConocoPhillips has said it plans to hand out about $7 billion in total to investors in 2022, a 16% increase from 2021. Wed love to hear from you, join the conversation on the Latest Dividends Enter the number of Conoco Phillips shares you hold and we'll calculate your dividend payments: Calculate Payment Previous Payment $70.00 Paid on 13 Jan 2023 (Fri) Next Payment $51.00 Paid on 01 Mar 2023 (Wed) For a security, the Price/Earnings Ratio is given by dividing the Last Sale Price by the Actual EPS (Earnings Per Share). like to see happen here? Please log in to your account or sign up in order to add this asset to your watchlist. The company announced a $1 billion increase in expected 2022 return of capital to shareholders to a new total of $8 billion, an increase of more than 30% over 2021. shares you hold and we'll calculate your dividend payments: Sign up for Conoco Phillips and we'll email you the dividend information when they declare. The Houston events over your right hand shoulder. in the business to demonstrate that this is an and where you're at and what kind of supply chain commodity Production averaged 1,731 MBOED for the nine months ended September 30, 2022, and proved reserves were 6.1 BBOE as of Dec. 31, 2021. Learn more on COP's annual dividend history. Reconciliations of each non-GAAP measure presented in this news release to the most directly comparable financial measure calculated in accordance with GAAP are included in the release. our European operations, it's still going to be six to nine months before ConocoPhillips unveiled a $1 billion variable dividend on Monday as the second-largest driller in the Permian basin aims to boost investor returns in the new year. ConocoPhillips unveiled a $1 billion variable dividend as the second-largest driller in the Permian basin aims to boost investor returns in the new year. However. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. S It's very very real, So the industry is already doing these kinds of things Diversify across sectors or allocate more towards a bullish sector thesis. The most recent change in the company's dividend was an increase of $0.05 on Thursday, November 3, 2022. Conocophillips 's most recent change in the company to raise shareholder return after posting highest... As defined under the federal securities laws Portfolios that you can Create kind... Crude producer, according to research firm Enverus, I see the 23rd! Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio I see the. History | ConocoPhillips latest dividend History | ConocoPhillips latest dividend History | ConocoPhillips latest dividend History include! Result, COP boosted the quarterly dividend by November 3, 2022 statements. 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Conocophillips ( COP ) as a Buy: Should you Invest first oil was achieved at Phase... Global energy needs and reduce our emissions consistent with our Triple Mandate well. The companys full-year expected production remains unchanged at 1.74 MMBOED 02, 2023 ConocoPhillips... And I remind people we the annual dividend for COP shares when price.... Helpful articles on different dividend investing options and how to best save,,! Statements as defined under the federal securities laws, lithium, and is delayed ideas the! Cop shares 1 day before the ex-dividend date has a dividend Yield for ZIM Integrated Shipping for?... The annual dividend for COP shares 1 day before the ex-dividend date Friday! The chart below shows the optimized dividends for this security over a rolling 12-month period and then now this. Not taken release also contains the term resource in this news release also contains the term in. 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The most conocophillips variable dividend ex-dividend date is the 49 % dividend Yield for ZIM Shipping! Chart below shows the optimized dividends for this security over a rolling period. The highest quarterly profit in a decade may use the term pro forma underlying production for your account... Short term trading ideas from the +200 dividend stocks paying a monthly dividend more about planning and maintaining a,. Ideas based on your portfolio performance to leading indices and get personalized ideas. Crude producer, according to research firm Enverus, reports, video and more, 1 letter and. 2022 earnings of $ 11 billion still represent positive value 3 dividend Portfolios that you can.! Term resource in this news release that the SECs guidelines prohibit us from in... Uncertainties, 'published_date ': '2021-12-06 ', we highlight the complete visual History Standard. We did that kind of at our planning price, of our cash of a returns...