ConocoPhillips reported second-quarter 2014 earnings of $2.1 billion, compared with second-quarter 2013 earnings of $2.1 billion.
Excluding special items, second-quarter 2014 adjusted earnings were $2.0 billion, compared with second-quarter 2013 adjusted earnings of $1.8 billion.
Highlights
“ This quarter is evidence of our commitment to deliver annual production and margin growth of 3 to 5 percent, while returning capital to shareholders through an attractive dividend ,” said Ryan Lance, chairman and CEO . “ We are delivering on these goals, including a recent dividend increase of 5.8 percent, and are positioned for continued growth in volumes, margins and cash flow.
“ Operational and financial performance was very strong in the second quarter,” added Lance. “We continue to grow in our North American unconventional plays, while progressing our major projects. We expect to complete our major turnarounds in the third quarter and maintain a high level of both conventional and unconventional exploration activity. All of this positions us for strong momentum as we exit the year .”