ConocoPhillips Boosts Dividend After Strong Third Quarter Earnings Beat
Market Intelligence Analysis
AI-PoweredConocoPhillips raised its quarterly dividend by 8% after reporting strong third-quarter earnings, beating analyst estimates with adjusted earnings of $2 billion, or $1.61 per share.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
ConocoPhillips (NYSE: COP) on Thursday raised its quarterly dividend by 8% as it reported better-than-expected earnings for the third quarter. ConocoPhillips, the biggest U.S. independent oil and gas producer, reported adjusted earnings of $2 billion for the third quarter, or $1.61 per share. The EPS easily beat the analyst consensus estimate of $1.41 earnings per share in The Wall Street Journal. Higher oil and gas production and reduced costs helped ConocoPhillips partly offset the lower oil prices and price realizations. …
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