Trending News: China’s Purchases Stall After Trump’s Tariff Threat on Buyers of Venezuelan OilCOMMENTARY: Solar and Wind Power Are Expensive – Fraser InsituteShell Vows to Raise Investor Returns as It Bets Big on LNGShell Traders Haven’t Lost Money in Any Quarter Over Last DecadeUS Army Corps to Narrow List of Emergency Energy Projects by Next WeekAlaska Seeks South Korean Investors for Its $44-Billion LNG ProjectIndia’s Peak Electricity Demand Set to Jump By 10% in 2025Biggest Indian Oil Producer Seeks to Diversify to Withstand Supply GlutShell Flags Uncertain Outcome of $1.6-Billion Russian Court ClaimAnalyst Says NatGas Bulls Attempting to ‘Hold Line’ Ahead of April RolloverJapan LNG strategy not right for Europe, argues think tankNippon Sanso cancels US hydrogen project and announces $170m write-downNippon Sanso cancels US hydrogen project and announces $190m write-downFreeport LNG in Texas Set to Return to Service after Lightning Strike, LSEG Data ShowsLightning Strike Disrupts Gas Supply to Freeport LNGVenezuela Rations Energy With Shorter Work DaysUK Could Cover Half of Its Energy Needs With Local Oil and GasScatec Signs 25-Year PPA for 120 MW Solar Plant in Tunisia, Partnering with AeolusOil Rises for Fifth Day on Supply Concerns After Venezuela TariffsGoldman Sachs Expects Non-OPEC+ Production Growth to Slow With Decline in Brent PricesStratas Advisors Thinks Brent Will Move Higher This WeekGermany’s TÜV SÜD to operate new hydrogen test hub in ScotlandTrump: 25% Tariff On Anyone Who Buys Venezuelan Oil & GasIndian Refineries Slashing Spot Tenders as Russian Oil Flows BackIran Oil Tankers Evading Sanctions with False Iraqi PaperworkJapan firms bring interest and expertise to India green ammonia projectBluPine Energy Secures ₹1,787 Crore from NaBFID to Strengthen Renewable Energy PortfolioENGIE Teams Up With Ares Management To Add Nearly 1 GW Of Solar and Storage Projects Across The U.S.Europe allocates €5bn to Germany for hydrogen and CCUSTanmiah Partners with Emerge to Develop 3 MWp Solar Plant, Advancing Saudi Arabia’s Clean Energy GoalsVideo: CCUS: a policy updateHD Renewable Energy And Brawn Capital Power Up Hokkaido With 50 MW Battery Storage ProjectAvangrid’s First Time Right Autopilot Revolutionizes Field Operations With Generative AISEFE signs deal for 1.5 million tonnes a year of LNG from DelfinSEFE signs deal for 1.5 million tonnes a year of LNG from DelfinTigo Energy Welcomes Delta Networks As Latest Licensee For Rapid Shutdown TechnologyXcel Energy Recognized As One Of The World’s Most Ethical Companies For Sixth Year In A RowThis is Atom – delivering a new era for industrial gas market intelligenceHPERC Sets Solar Tariff For 2025-26 Under Renewable Energy Tariff Regulations 2017Tunisia Awards Licenses for 500-MW Solar Projects to International FirmsAramco Acquires Half of Blue Hydrogen Industrial Gases CompanyERC Approves Additional 290-MW Capacity in Meralco-SMC Power Supply AgreementAramco secures half share of Air Products Qudra’s blue hydrogen subsidiaryThailand Plans to Expand Public Solar Power Quota to 400 MW Annually, Awaiting PDP Plan FinalizationEMSTEEL And Yellow Door Energy To Build UAE’s Largest Industrial Solar PV Rooftop ProjectADE Commits to Exceeding £180 Million for Rooftop Solar in UK Schools and HospitalsSolis Secures 10th Consecutive EUPD Top Brand SealGoodWe Concludes Successful Participation at Construction Expo 2025 in Sri LankaGERC Hears NTPC REL’s 60 MW Review Petition Against GUVNL PPA ApprovalJ&K Turns to Solar Energy with 10-MW Plant on Defunct Gas SiteSunpure Launches Middle East Regional Headquarters in DubaiIEA Report: Global Energy Demand Surges in 2024 with Renewables and Natural Gas Meeting Most of the GrowthSolplanet Strengthens its Presence in South Africa and Widens its Range of Environmentally Certified Inverter for C&I ProjectsScatec Signs 25-Year Power Purchase Agreement For 120 MW Solar Plant In TunisiaBERC Proposes Draft RPO Regulations 2025 To Boost Renewable Energy In BiharIndia Eyes Global Renewable Energy Partnerships Amid Shifting Geopolitical Landscape: S JaishankarIndia’s National Electricity Plan: Strengthening Transmission For Future Energy Demand And Renewable IntegrationAshok Ramachandran Resigns from Board and Key Roles at JSW Energy LtdTGGENCO’s 250 MW BESS Auction Sees Pace Digitek, Bondada Engineering, And Oriana Power As Key WinnersSterlite Power Proposes $5-6 Billion Green Hydrogen Grid Project in EgyptActis Expands its Indian Renewable Energy Portfolio with the Acquisition of Stride’s 371MW Solar AssetsRooppur unit 1 turbine installation completedNANO reactor core block ready for testingUS DOE re-issues SMR funding solicitationExLabs, Antares to develop nuclear-powered spacecraftPodcast: Canada’s leading role in life-saving medical isotopesCOMMENTARY: 28 Energy Leaders Call for Eliminating IRA Subsidies—Even Ones They Benefit From – Alex EpsteinElliott Wants More Buybacks From Germany’s RWE After Buying 5% StakeU.S.-German Startup Plans to Build Fusion Plant in GermanyKremlin Claims Russia Is Not Targeting Energy Infrastructure in UkraineIndonesia’s $20-Billion Energy Transition Deal Will Survive Without the U.S.Steel and chemicals firms to develop methanol-from-gases trial in JapanWhat are the Issues in US Talks with Ukraine and Russia?US NatGas Prices Flat as Record LNG Flows Offset Record OutputIraq Plans Gas Import Terminals Amid Tighter U.S. Sanctions on IranOil Prices Start the Week With a DipGlobal Energy Demand Rises as Power Consumption JumpsSaudi Arabia Awards $2.6-Billion Natural Gas Power Plant DealExtreme H: a race to drive hydrogen adoptionGreenYellow Vietnam Partners with Nidec Instruments Vietnam on Rooftop Solar ProjectRenewable gas industry urges EU to unblock importsOil Inches Up as Markets Weigh Sanctions on Iran, Russia-Ukraine Ceasefire TalksSTUDY: AI, Like Previous Technological Innovations, Will Likely Create More Opportunities For Workers Than it Destroys – Fraser …United States Challenges China’s Mineral DominanceNew Mexico Gambles on Higher Royalties as Oil Prices TankSinopec Books Lower Profit for 2024 on Oil Price SlideJP Morgan Says Oil Vigilantes Have Been Found WantingJinkoSolar’s Perovskite Tandem Solar Cell Based on N-type TOPCon Sets New Record with Conversion Efficiency of 33.84%Giammarco-Vetrocoke rebrands for sustainable eraVideo: Latest advancements in CCUS technologyUS issues licence for first offshore LNG export projectBC Jindal Group’s JIRE Secures LoA For 300 MW Solar-BESS Project From NHPCCERC Approves Interim Tariff Of ₹3.62/kWh For DVC’s 8 MW Solar Project In West BengalSono Group N.V. Teams Up With Merlin Solar Technologies To Advance Global Solar SolutionsACCIONA Energía Taps Basis Climate To Transfer Multiple Solar And Wind Production Tax CreditsPearlX Delivers Solar-Powered Living To Sand Canyon Apartment ResidentsEnphase Energy Supports Brazil’s New Rapid Shutdown Standard For Safer Solar InstallationsTrump Invokes Wartime Powers to Boost U.S. Critical Minerals OutputBreaking Boundaries in Solar: Dr. Vikas Almadi on VNT’s Pioneering Technologies and Global ReachFounder Group Wins $2.6M Contract For Rooftop Solar Project In Malaysia

ConocoPhillips’ Quarterly Profit Beats Estimates on Higher Production

Business & Policy
February 6, 2025

(Reuters) – ConocoPhillips beat Wall Street estimates for fourth-quarter profit on Thursday, as higher production offset lower realized prices.

Benchmark crude prices rose about 4% during the October-December quarter, encouraging companies to drill more.

However, ConocoPhillips’ total average realized prices fell 10% to $52.37 per barrel of oil equivalent (boe) in the reported quarter.

The company’s production for the reported quarter stood at 2.18 million barrels of oil equivalent per day (boepd), up from 1.9 million boepd a year earlier, helping counteract the lower realized prices.

On an adjusted basis, ConocoPhillips reported a profit of $1.98 per share for the three months ended Dec. 31, compared with analysts’ average estimate of $1.84 according to data compiled by LSEG.

Reporting by Seher Dareen in Bengaluru; Editing by Krishna Chandra Eluri