From Yahoo Finance: 2025-05-08 18:46:00

ConocoPhillips (NYSE: COP) saw its stock rise 1.4% on Wednesday after reporting over $17.1 billion in revenue for the first quarter, up from $14.5 billion in 2024. Adjusted net income also increased to nearly $2.7 billion. Despite lower prices and higher expenses, it exceeded analyst estimates.

The company declared a quarterly dividend of $0.78 per share and announced the retirement of CFO Bill Bullock, to be replaced by Andy O’Brien. ConocoPhillips revised its full-year guidance, reducing capital expenditures to $12.3-$12.6 billion and adjusted operating costs to $10.7-$10.9 billion.

With a downward trend in the oil industry, ConocoPhillips performed well in the quarter. Although not listed in the top 10 stocks by the Motley Fool Stock Advisor team, the company’s future outlook appears positive. Consider the cyclical nature of the industry before investing.

Read more: Why ConocoPhillips Stock Zoomed Higher on Thursday