ConocoPhillips Beats Q2 Estimates Despite Drop In Oil Prices

As energy markets grapple with fluctuating oil prices and evolving global demands, major players like ConocoPhillips (NYSE:COP) are navigating a challenging landscape to maintain profitability. The company reported second-quarter 2025 earnings of $2.0 billion, or $1.56 per share, compared with $2.3 billion, or $1.98 per share, in the same quarter last year.

Adjusted earnings totaled $1.8 billion, or $1.42 per share, beating the consensus estimate of $1.40. Revenue for the quarter was $14.74 billion, above the expected $14.63 billion.

Total production for the quarter rose to 2,391 thousand barrels of oil equivalent per day (MBOED), an increase of 446 MBOED from a year ago. After adjusting for closed acquisitions and dispositions, production increased by 72 MBOED, or 3%.

Lower 48 output totaled 1,508 MBOED, including 845 MBOED from the Permian, 408 MBOED from the Eagle Ford, and 205 MBOED from the Bakken.

The company’s average realized price declined 19% year-over-year to $45.77 per barrel of oil equivalent (BOE), down from $56.56.

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