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0:00 / 0:00I. Business Overview and Strategy
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ConocoPhillips 2023 Net Income Down 41% to $10.96B Amid Lower Commodity Prices, Production Up 5%

COP10-KFiling Date: 2/15/2024
ConocoPhillips
Description

What this story covers

ConocoPhillips' 2023 net income fell to 10 point 96 billion dollars due to lower commodity prices. Production increased 5 percent to 1 point 83 million barrels of oil equivalent per day. The company returned 11 billion dollars to shareholders, maintained strong liquidity, and advanced its net-zero emissions strategy, including key LNG and carbon capture investments.

Story snapshot

CompanyConocoPhillips
TickerCOP
VariantStandard detailed
Duration22:11
Filing type10-K
PeriodAnnual 2023
IndustryEnergy
Accession0001163165-24-000010

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