- Strong second-quarter production performance; raising full-year production guidance.
- Second-quarter production of 1,552 MBOED, including continuing operations of 1,510 MBOED and discontinued operations of 42 MBOED.
- Major turnarounds and tie-in activity on plan.
- Eagle Ford production of 121 MBOED, up 98 percent compared with second-quarter 2012.
- Christina Lake Phase E startup in July; four additional major projects on track for startup by year end in the North Sea and Malaysia.
- Exploration momentum continues with drilling in the Gulf of Mexico, Australia’s Browse Basin, and unconventional plays in Canada and the Lower 48.
- Increased quarterly dividend by 4.5 percent.
ConocoPhillips (NYSE: COP) today reported second-quarter 2013 earnings of $2.1 billion, or $1.65 per share, compared with second-quarter 2012 earnings of $2.3 billion, or $1.80 per share. Second-quarter 2012 reported earnings included $0.5 billion from downstream operations prior to the separation of Phillips 66 on April 30, 2012. Excluding special items, second-quarter 2013 adjusted earnings were $1.8 billion, or $1.41 per share, compared with second-quarter 2012 adjusted earnings of $1.5 billion, or $1.19 per share. Special items for the current quarter primarily related to favorable outcomes from pending claims and settlements. Highlights