ConocoPhillips. (NYSE:COP) Q2 2024 Earnings Conference Call August 1, 2024 12:00 PM ET

Company Participants

Phil Gresh - Vice President, Investor Relations
Ryan Lance - Chairman & Chief Executive Officer
William Bullock - Executive Vice President & Chief Financial Officer
Andrew O'Brien - Senior Vice President of Strategy, Commercial Sustainability & Technology
Nicholas Olds - Executive Vice President, Lower 48
Kirk Johnson - Senior Vice President, Global Operations

Conference Call Participants

Neil Mehta - Goldman Sachs
Doug Leggate - Wolfe Research
Scott Hanold - RBC Capital Markets
Betty Jiang - Barclays
Stephen Richardson - Evercore ISI
John Royall - JPMorgan
Roger Read - Wells Fargo
Ryan Todd - Piper Sandler
Neal Dingmann - Truist
Leo Mariani - ROTH
Kalei Akamine - Bank of America
Bob Brackett - Bernstein Research
Kevin MacCurdy - Pickering Energy Partners
Paul Cheng - Scotiabank
Joshua Silverstein - UBS

Operator

Welcome to the Second Quarter 2024 ConocoPhillips Earnings Conference Call. My name is Liz, and I will be your operator for today’s call. [Operator Instructions]

I will now turn the call over to Phil Gresh, Vice President, Investor Relations. Sir, you may begin.

Phil Gresh

Thank you Liz, and welcome everyone to our second quarter 2024 earnings conference call. On the call today are several members of the ConocoPhillips leadership team, including Ryan Lance, Chairman and CEO; Bill Bullock, Executive Vice President and Chief Financial Officer; Andy O’Brien, Senior Vice President of Strategy, Commercial Sustainability and Technology; Nick Olds, Executive Vice President of Lower 48; and Kirk Johnson, Senior Vice President of Global Operations.

Ryan and Bill will kick it off with opening remarks, after which the team will be available for your questions.

A few quick reminders. First, along with today’s release, we published a supplemental financial materials and a slide presentation, which you can find on the Investor Relations website.

Second, during this call, we will make forward-looking statements based on current expectations. Actual results may differ due to factors noted in today’s release and in our periodic SEC filings. We will make reference to some non-GAAP financial measures. Reconciliations to the nearest corresponding measure can be found in today’s release and on our website.

Third, before we move to Q&A, we will take one question per caller.

With that, I will turn the call over to Ryan.

Ryan Lance

Thanks Phil, and thank you to everyone for joining our second quarter 2024 earnings conference call. It was another busy quarter for the company. We continue to execute on our returns-focused value proposition. We announced a 34% increase in our ordinary dividend starting in the fourth quarter, we announced the planned acquisition of Marathon Oil, and we further progressed our global commercial LNG strategy.