ConocoPhillips (NYSE: COP), a leading oil exploration company, announced financial results for the second quarter of fiscal 2025, reporting a decline in adjusted earnings.
Second-quarter earnings, excluding special items, declined to $1.42 per share from $1.98 per share in the year-ago quarterOn a reported basis, Q2 earnings decreased to $1.56 per share from $1.98 per share in Q2 2024Q2 net income was $2.0 billion, lower than $2.3 billion reported in the prior-year quarterDuring the quarter, the company generated cash provided by operating activities of $3.5 billion and cash from operations of $4.7 billionThe board declared a dividend of $0.78 per share for Q3, payable September 2, 2025, to stockholders of record as on August 18, 2025In Q2, ConocoPhillips delivered total company production of 2,391 thousand barrels of oil equivalent per dayThe company signed an agreement to divest its Anadarko Basin assets for $1.3 billionIt distributed $2.2 billion to shareholders in Q2, including $1.2 billion through share repurchases and $1.0 billion through dividend
