ConocoPhillips Earnings: Disciplined Growth and Focus on Shareholder Returns Continue in Q1

ConocoPhillips reported first-quarter adjusted earnings decreased to $2.4 billion from $2.9 billion a year earlier, largely on lower gas prices but partially offset by increased production. Following its three-tier capital return framework, it paid out $0.9 billion in dividends and variable return of cash and repurchased $1.3 billion in shares.