ConocoPhillips to Boost Investor Returns Ater Beating Profit Estimates

ConocoPhillips (NYSE: COP) aims to boost returns to shareholders by nearly $1 billion this year as it booked better-than-expected earnings for the fourth quarter of 2024. ConocoPhillips on Thursday reported fourth-quarter 2024 adjusted earnings of $2.4 billion, or $1.98 per share, down from adjusted earnings of $2.9 billion, or $2.40 per share, for the same period a year earlier. The Q4 2024 earnings per share beat the analyst consensus estimate of $1.84. The company attributed the annual decline in the Q4 adjusted earnings to lower oil prices,…