Conocophillips reports fourth-quarter, full-year 2022 results and 176% preliminary reserve replacement ratio; announces 2023 guidance and planned return of capital of $11 billion; declares quarterly dividend and variable return of cash distribution

Houston--( business wire )--conocophillips (nyse: cop) today reported fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share, compared with fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share. excluding special items, fourth-quarter 2022 adjusted earnings were $3.4 billion, or $2.71 per share, compared with fourth-quarter 2021 adjusted earnings of $3.0 billion, or $2.27 per share. special items for the current quarter were primarily driven by impairment of certain aged, suspended wells and corporate expenses.
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