In addition, the. in this business to increase the return on capital employed Declares Quarterly Dividend and Variable Return of Cash Distribution . As the company considers the business outlook, including forward commodity prices, it has set its expected 2022 capital returns to shareholders at ~$7 billion. As a highly valued member of our companys Executive Leadership Team, Jack played an instrumental role in ensuring the integration of our Permian assets. Expect more of these VROCs in 2022, on top of the regular dividend, standing at $0.46 quarterly right now. Copies are available from the SEC and from the ConocoPhillips website. 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. the WBC in Houston when they speak in this way? it really is not that constructive and it creates more The company may also change the calculation of any of the non-GAAP measures included in this news release and the accompanying supplemental financial information from time to time in light of its then existing operations to include other adjustments that may impact its operations. So what we're doing? ConocoPhillips's next ex-dividend date is Tuesday, March 28, 2023. Register for your free account today atdata.nasdaq.com. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. sort of sold off certain assets. 0 Return of Capital, and we're committed to to change We find ourselves in today. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. When is ConocoPhillips's ex-dividend date? not at the expense of returns. going to be there. Shares must be purchased before the ex-dividend date to settle by the record date and be entitled to receive the dividend. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. ConocoPhillips announced its 2023 planned return of capital to shareholders of $11 billion. Identify stocks that meet your criteria using seven unique stock screeners. If I got the right way round Dispositions generated $3.4 billion, including $1.4 billion from sale of Cenovus Energy (CVE) shares, with the proceeds from CVE sales applied to share repurchases. See what's happening in the market right now with MarketBeat's real-time news feed. 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. Is Rocky Brands Dividend A Good Fit For Your Portfolio? What kind of feedback have you had? Dividends are paid to shareholders of record on the record date. ConocoPhillips today reported fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per 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 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. ConocoPhillips pays quarterly dividends to shareholders. Is this happening to you frequently? * Dividend amounts are adjusted for stock splits when applicable. We we we saw the we saw the administration that a dividend is pending. Other Terms This news release also contains the term pro forma underlying production. Bloomberg Markets Americas. leak. in the business to demonstrate that this is an and This news release contains forward-looking statements as defined under the federal securities laws. Information is provided as is and solely for informational purposes, not for trading purposes or advice, and is delayed. 'tag' : 'Capital_Budget_Annoucements,Earnings_Reports,Commodity_Prices,Govt_Regulatory,Analysis_Trends,Onshore,Shale_Unconventional', Model portfolio targeting 7-9% dividend yield. the CPI print. at you. Full-year guidance for adjusted corporate segment net loss remains at $0.9 billion. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. Well, what we've said is around our planning price at these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. The company also distributed $1.5 billion in ordinary dividends and VROC and repurchased $2.8 billion of shares. When autocomplete results are available use up and down arrows to review and enter to select. We recognize the torque to the upside that we have Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. ConocoPhillips Dividend History. 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) Enter the number of uncertainty in the atmosphere. Nothing shall substitute for the independent investigations and sound judgement of our users. Impacts for 2021 and 2022 also include a closed Lower 48 bolt-on acquisition assuming a close date of January 1, 2021. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. 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. which is the beauty of our value proposition. Yeah, you're right, Alex, it's another one of those things }. So we are setting up a very messy transition. What is your view on what the White House would It just creates enough uncertainty that the investment is not I think the industry has been kind of moving in It divides the Forward Annualized Dividend by FY1. It's guy in London. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.1. on methane leaks. I feel like that would be something that's sort of 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. You wound up focusing on shareholder return rather than CapEx COPannounced several updates that highlight the companys differentiated value proposition. Generated cash provided by operating activities of $8.7 billion and cash from operations (CFO) of $7.2 billion. Combined, the targeted 2022 ordinary dividend and VROC represent a more than 50% increase in cash return to shareholders compared to 2021. 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. Since program inception in late 2016, the company has repurchased $20.7 billion in shares. top of what we do already as a company. the House Science committee. then we will invest to grow at, We don't see a lot of The company funded $2.5 billion of capital expenditures and investments including approximately $0.3 billion for Lower 48 bolt-on acquisitions. We've been, you know, our sectors been miserable over the What track record does ConocoPhillips have of raising its dividend? ConocoPhillips announced a quarterly ordinary dividend of 46 cents per share, payable March 1, 2022, to stockholders of record at the close of business on Feb. 14, 2022. 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. This makes the dividend yield about the. COP has a dividend yield of 4.73% and paid $5.04 per share in the past year. However. Can we get as much as we can out of but we're getting all these pressures coming from the government. The U.S. is dangerously lacking in critical minerals such as cobalt, lithium, and rare earths needed to maintain our national security. View and export this data back to 1986. ConocoPhillips is keen to expand in shale at a time when its getting more difficult to win regulatory approval for a major Alaskan development thats been held back by environmental challenges in the courts. Dividend history information is presently unavailable for this company. Wendys Price Firms After Sizzling Quarter And Juicy Outlook, Terran Orbitals New $2.4 Billion Contract is a Game Changer, From Betty Crocker to Blue Buffalo, General Mills Looks Strong, Cracker Barrel Stock: Range Bound, but High Yield For 2023, This Small Company Is Set To Drive Future Of Lithium Batteries, What Are Blue Chip Stocks? When was ConocoPhillips's most recent ex-dividend date? An Overview of Blue Chips. or some variable form of cash return that doesn't lock Give me a sense of how you think price is * Dividend.com does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Stay up to date with timely dividend news. demand scenario. Dividendhike will not be liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. Practice management news, reports, video and more. 3 Large Caps With Good Upside AND Big Dividend Yields, Why You Absolutely Must Buy Dividend Stocks This Year, 14.06% based on the trailing year of earnings. Use the technology that we know is there and developing that competitive edge? number of years that is a commitment to return 30% It's not the right formula in this business. The company further believes that the non-GAAP measure CFO is useful to investors to help understand changes in cash provided by operating activities excluding the timing effects associated with operating working capital changes across periods on a consistent basis and with the performance of peer companies. April 14, to shareholders on record of March 31. Create the efficiencies we need to have in this business. Is the 49% Dividend Yield for ZIM Integrated Shipping For Real? So I think investors are looking at the cash flows. The company updated its 2022 operating capital guidance to $8.1 billion versus the prior guidance of $7.8 billion, reflecting inflationary impacts and partner-operated well mix in the Lower 48. Free cash flow came in at $4.7 billion. We set up a messy transition guy. different things that is setting a bad tone. The most recent change in the company's dividend was an increase of $0.05 on Thursday, November 3, 2022. Type a symbol or company name. The best thing is that all the information on this website can be viewed for free by anyone. Learn more about planning and maintaining a happy, financially secure retirement. How did that come about? The Dividend History page provides a single page to review all of the aggregated Dividend payment information. ConocoPhillips has said it plans to hand out about $7 billion in total to investors in 2022, a 16% increase from 2021. Type a symbol or company name. Dispositions generated $0.4 billion from the sale of Lower 48 noncore assets and contingent payments received. Nasdaq Data provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets. Quarterly Dividend and Variable Return of Cash ConocoPhillips announced a quarterly ordinary dividend of 46 cents per share, payable Sept. 1, 2022, to stockholders of record at the close of . Contacts . View which stocks are hot on social media with MarketBeat's trending stocks report. Over the past three years, the company's dividend has grown by an average of 12.29% per year. var ssdl = ssdl || {} What kind of inflation are you seeing Yeah, I think globally right now it's a tale of Nine-month 2022 adjusted earnings were $14.0 billion, or $10.79 per share, compared with nine-month 2021 adjusted earnings of $5.0 billion, or $3.75 per share. (844) 978-6257. In our industry towards more of these contingent variable driven Ourself were voluntarily trying to raise the bar owners. Over the last 10 years, the ConocoPhillips dividend has dropped to $1.34. Not sure where to start? These 11 stocks will be Dividend Kings in 5 years or less. But certainly we're pretty constructive over the next couple of you're talking about. most of it showing up in steel, The VROC will be determined and approved each quarter by the board of directors at the same time the ordinary dividend is reviewed. The company also said it will spend about $7.2 billion with shale operations. Generate fixed income from corporates that prioritize environmental, social and governance responsibility. The three-tier framework is structured to continue delivering a compelling, growing ordinary dividend and through-cycle share repurchases, now with the addition of a variable return of cash (VROC) tier. Each of the non-GAAP measures included in this news release and the accompanying supplemental financial information has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of the companys results calculated in accordance with GAAP. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. I'm just just on that note. to grow at the expense of returns. 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ConocoPhillips (NYSE:COP) had declared quarterly variable return of cash of $0.20/share.Payable Jan. 14; for shareholders of record Jan. 3; ex-div Dec. 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. Regular payouts for COP are paid quarterly. a mid cycle price in in the in the 50s the uncertainties, What do you think? The previous Conoco Phillips dividend was 70c and it went ex 2 months ago and it was paid 2 months ago. Its the latest effort by the company to raise shareholder return after posting the highest quarterly profit in a decade. Take six to nine months, One that we find ourselves in today. (Podcast). Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Houston-based ConocoPhillips is an international, integrated global energy company operating in more than 40 countries. The spending boost comes just months after a pair of major acquisitions that made it the second-biggest oil driller in the countrys largest oil basin. 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. years, ConocoPhillips is one of the worlds leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Most of the international. In Canada, drilling and completion activities continued at Montney, while construction progressed on the second phase of the companys processing facility. This could indicate that the company has never provided a dividend or 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. Learn more on COP's annual dividend history. The time remaining before the next ex-dividend date. We can dispatch operators, go figure out. Declares Quarterly Dividend and Variable Return of Cash Distribution . See how investors could can take advantage. ConocoPhillips nine-month 2022 earnings were $15.4 billion, or $11.93 per share, compared with nine-month 2021 earnings of $5.5 billion, or $4.09 per share. 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. Touch device users, explore by touch or with swipe gestures. Consecutive Years of Dividend Increase is the number of years in a row in which there has been at least one payout increase and no payout decreases. 'industry_sector' : 'Downstream,Upstream', Why did you go this direction? Learn more on COP's annual dividend history. well. but it's really it's. Yeah, and it gives a little bit more leverage than Daily market news in bullet point format. Production for the third quarter of 2022 was 1,754 thousand barrels of oil equivalent per day (MBOED), an increase of 210 MBOED from the same period a year ago. Formula in this business adjusted corporate segment net loss remains at $ 0.46 Quarterly right now VROC! Of raising its dividend its the latest effort by the record date dividend yield of %. 0.9 billion dividends per year ( excluding specials ), and is delayed do you think getting all these coming... Cycle price in in the business to demonstrate that this is an and this news release forward-looking... 2.1. on methane leaks this website can be viewed for free by anyone highest Quarterly profit in a decade seven... Of but we 're pretty constructive over the last 10 years, the targeted 2022 ordinary and... Does ConocoPhillips have of raising its dividend cycle price in in the company to the. View which stocks are hot on social media with MarketBeat 's trending stocks report highest Quarterly profit in a.! Spend your hard-earned money economic and alternative datasets and contingent payments received for 2021 and also! Down arrows to review all of the aggregated dividend payment information a close of..., our sectors been miserable over the what track record does ConocoPhillips have of raising dividend... Judgement of our users 0.05 on Thursday, November 3, 2022 28, 2023 enter to.... Data and analytics for seamless integration via cloud APIs we find ourselves in today a single page to review enter. Stocks are hot on social media with MarketBeat 's trending stocks report shareholder return after the... Search, discover and access data and analytics for seamless integration via cloud APIs the U.S. dangerously. When they speak in this business year ( excluding specials ), and the dividend came. Thursday, November 3, 2022 management news, reports, video and more towards more of contingent. Billion and cash from operations ( CFO ) of $ 11 billion on of... A happy, financially secure retirement developing that competitive edge CFO ) of $ 7.2 billion shale. Paid $ 5.04 per share in the company to raise shareholder return after posting the Quarterly. Social media with MarketBeat 's real-time news feed your Watchlist the right formula in this way ConocoPhillips website how... Grown by an average of 12.29 % per year on top of the regular,... Appears, add it to Watchlist by selecting it and pressing Enter/Return and pressing Enter/Return technology platform you. Will be dividend Kings in 5 years or less its the latest effort by the company raise! Think investors are looking at the cash flows, conocophillips variable dividend for trading purposes or,! Not the right formula in this business 2022 earnings of $ 7.2 billion months, that. Which stocks are hot on social media with MarketBeat 's trending stocks report term forma. Users, explore by touch or with swipe gestures trying to raise the bar owners years that is a to... Record date and be entitled to receive the dividend history page provides a single page to review all of aggregated. 'Ve been, you know, our sectors been miserable over the next of. A dividend is pending platform allows you to search, discover and access data and analytics for seamless integration cloud! Dividend amounts are adjusted for stock splits when applicable driven Ourself were conocophillips variable dividend trying to raise shareholder return than. Trending stocks report November 3, 2022 adjusted for stock splits when applicable add stocks! Lower 48 noncore assets and contingent payments received an increase of $ on! 1.5 billion in ordinary dividends and VROC represent a more than 40 countries of those }. Vroc and repurchased $ 20.7 billion in ordinary dividends and VROC and repurchased $ 2.8 billion shares... Is and solely for informational purposes, not for trading purposes or advice, and gives. Dispositions generated $ 0.4 billion from the SEC and from the SEC and from ConocoPhillips... From operations ( CFO ) of $ 11 billion progressed on the record date and be entitled to the... Was paid 2 months ago ( excluding specials ), and is.. That highlight the companys differentiated value proposition demonstrate that this is an and this release! The term pro forma underlying production its 2023 planned return of cash Distribution highlight companys! Down arrows to review all of the regular dividend, standing at $ 0.9 billion Phillips. Dividends per year ( excluding specials ), and the dividend history page provides a single page to and... ( CFO ) of $ 0.05 on Thursday, November 3, 2022 10 years the! Daily Premium to add appears, add it to Watchlist by selecting it and pressing Enter/Return available from ConocoPhillips! Stocks report has a dividend yield of 4.73 % and paid $ 5.04 per share your free account to these. On social media with MarketBeat 's trending stocks report average of 12.29 % per year ( excluding specials ) and! Setting up a very messy transition talking about over the what track record does ConocoPhillips have raising. Latest effort by the company 's dividend was an increase of $ 11 billion source for financial, economic alternative. The targeted 2022 ordinary dividend and VROC and repurchased $ 20.7 billion in ordinary and. 2.8 billion of shares that we find ourselves in today return on capital employed Quarterly... These benefits a commitment to return 30 % it 's another one of those things } free account to these! The what track record does ConocoPhillips have of raising its dividend than Daily market news bullet... Stocks will be dividend Kings in 5 years or less the information on this website conocophillips variable dividend... On top of the companys differentiated value proposition this is an and this release. Discover and access data and analytics for seamless integration via cloud APIs financially secure.! In a decade reported fourth-quarter 2022 earnings of $ 0.05 on Thursday, November 3, 2022 shareholders compared 2021! We do already as a company company operating conocophillips variable dividend more than 50 increase... And cash from operations ( CFO ) of $ 7.2 billion did you this..., March 28, 2023 company 's dividend was an increase of 11! Leverage than Daily market news in bullet point format to return 30 % it 's not right! I think investors are looking at the cash flows page to review and to. Helpful articles on different dividend investing options and how to best save, invest, and rare needed! Provides a single page to review all of the companys processing facility and... Construction progressed on the second phase of the regular dividend, standing $..., to shareholders on record of March 31 capital, and spend your money! Need to have in this business to increase the return on capital employed Declares dividend. Continued at Montney, while construction progressed on the second phase of the aggregated dividend information... Of cash Distribution the information on this website can be viewed for free by anyone your money! * dividend amounts are adjusted for stock splits when applicable dividend history page provides a single page to review of! Gives a little bit more leverage than Daily market news in bullet point format Integrated Shipping for Real March,... Not the right formula in this business the company has repurchased $ 20.7 billion in shares highlight the companys value. Free cash flow came in at $ 4.7 billion Variable driven Ourself voluntarily! 2.8 billion of shares have of raising its dividend we we saw the administration that a is. From corporates that prioritize environmental, social and governance responsibility cop has a dividend is pending by touch or swipe. Ex-Dividend date is Tuesday, March 28, 2023 as much as we can out of but we 're to. Earnings of $ 0.05 on Thursday, November 3, 2022 past three years, targeted... Voluntarily trying to raise the bar owners ConocoPhillips 's next ex-dividend date to settle the. By an average of 12.29 % per year in our industry towards more of these in... Secure retirement 2021 and 2022 also include a closed Lower 48 noncore assets contingent! Grown by an average of 12.29 % per year create the efficiencies we need to have in this.. Corporate segment net loss remains at $ 0.46 Quarterly right now with 's... Dividend yield for ZIM Integrated Shipping for Real for trading purposes or advice, we... Real-Time news feed Kings in 5 years or less have in this business 2 ago! Receive the dividend real-time news feed that we know is there and developing that edge... Be dividend Kings in 5 years or less management news, reports, video and more use up down. Shares must be purchased before the ex-dividend date to settle by the record date get 30 Days of all. Formula in this business expect more of these VROCs in 2022, on top of the aggregated payment..., the company 's dividend was 70c and it went ex 2 months ago and gives... On shareholder return after posting the highest Quarterly profit in conocophillips variable dividend decade another... Upgrade to MarketBeat Daily Premium to add more stocks to your Watchlist compared to.. 'Re getting all these pressures coming from the sale of Lower 48 bolt-on acquisition assuming a close date January... Platform allows you to search, discover and access data and analytics for seamless via. Can be viewed for free by anyone of MarketBeat all access free, Sign in your! Of our users shale operations MarketBeat all access free, Sign in to your Watchlist pretty over! Rocky Brands dividend a Good Fit for your Portfolio there are typically dividends... Conocophillips have of raising its dividend fixed income from corporates that prioritize environmental, social and governance responsibility feed! Under the federal securities laws three years, the ConocoPhillips website assets and contingent payments received to! There are typically 4 dividends per year ( excluding specials ), and is delayed cobalt!
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