While it's become a popular theme to buy when others are fearful, it's not necessarily the best approach to follow blindly. That goes for stocks at one-year lows.

ConocoPhillips continues to produce strong cash flow. The oil giant aims to return at least $9 billion in cash to shareholders this year.

ConocoPhillips. (NYSE:COP ) Q2 2024 Earnings Conference Call August 1, 2024 12:00 PM ET Company Participants Phil Gresh - Vice President, Investor Relations Ryan Lance - Chairman & Chief Executive Officer William Bullock - Executive Vice President & Chief Financial Officer Andrew O'Brien - Senior Vice President of Strategy, Commercial Sustainability & Technology Nicholas Olds - Executive Vice President, Lower 48 Kirk Johnson - Senior Vice President, Global Operations Conference Call Participants Neil Mehta - Goldman Sachs Doug Leggate - Wolfe Research Scott Hanold - RBC Capital Markets Betty Jiang - Barclays Stephen Richardson - Evercore ISI John Royall - JPMorgan Roger Read - Wells Fargo Ryan Todd - Piper Sandler Neal Dingmann - Truist Leo Mariani - ROTH Kalei Akamine - Bank of America Bob Brackett - Bernstein Research Kevin MacCurdy - Pickering Energy Partners Paul Cheng - Scotiabank Joshua Silverstein - UBS Operator Welcome to the Second Quarter 2024 ConocoPhillips Earnings Conference Call.

ConocoPhillips (COP) on Thursday reported second-quarter results below analysts' expectations and narrowed its full-year production outlook.

ConocoPhillips (COP) reports lower-than-expected Q2 earnings, primarily due to increased total costs and expenses. This is somewhat counterbalanced by higher oil equivalent production volumes and elevated average realized oil equivalent prices.

Exploration and production company ConocoPhillips (NYSE:COP, ETR:YCP) tightened its third-quarter production guidance in today's second-quarter earnings print. The Houston-based group now forecasts between 1.87 and 1.91 million barrels of oil equivalent per day (MMBOED), with full-year production of around 1.93 to 1.94 MMBOED, adjusted from prior guidance of 1.91 to 1.95 MMBOED.

Integrated players' midstream operations remain robust due to steady fee-based revenues derived from pipeline assets, improving the prospects for the Zacks Oil & Gas US Integrated industry. ConocoPhillips (COP), Occidental (OXY) and Marathon Oil (MRO) are likely to gain.

ConocoPhillips (COP) came out with quarterly earnings of $1.98 per share, missing the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $1.84 per share a year ago.

Shares of ConocoPhillips COP gained 0.9% in premarket trading Thursday, after the oil giant reported second-quarter profit that beat expectations and said it reached record production. Net earnings rose to $2.33 billion, or $1.98 a share, from $2.23 billion, or $1.84 a share, in the same period a year ago.

U.S. oil and gas producer ConocoPhillips posted a second-quarter profit that beat Wall Street estimates on Thursday, benefiting from higher output and oil prices.

ConocoPhillips (NYSE: COP), a pure-play oil and natural gas producer, is scheduled to announce its fiscal second-quarter results on Thursday, August 1. We expect ConocoPhillips stock to trade higher post Q2 with both revenue and earnings beating market expectations marginally.

ConocoPhillips   COP is set to release earnings results for its second quarter, before the opening bell on Aug. 1, 2024.