ConocoPhillips Earnings: Dividend Boosted 14% Despite Decline in Profits

ConocoPhillips reported adjusted earnings fell to $2.6 billion in the third quarter, compared with $4.6 billion a year earlier on lower oil and gas prices. Despite the decline, earnings remain robust, supporting continued shareholder payouts. During the quarter, Conoco returned $2.6 billion to shareholders through its three-tier framework of ordinary and variable dividends and buybacks in the third quarter. The company also increased its regular dividend 14% to $0.58 per share given the ongoing strong results and favorable outlook.