The Next Big Thing in AI: Musk's Secret Supplier

Nvidia soared 500% in the first AI wave. Now, Elon Musk's xAI is igniting the second. With Trump's backing and policy shifts, xAI is poised to dominate generative AI. One small company behind its tech could explode in value-this may be your second chance to ride the AI boom.

ConocoPhillips Trims Capex And Operating Cost Outlook, Announces CFO Transition

Lekha Gupta
May 08, 2025

ConocoPhillips (NYSE:COP) shares are trading higher after the company released its first-quarter FY25 results.

The oil and gas giant clocked a first-quarter revenue of $17.10 billion, beating the consensus of $15.82 billion. Adjusted EPS of $2.09 beat the consensus of $2.07

The company produced 2,389 thousand barrels of oil equivalent per day (MBOED). That's an increase of 487 MBOED from the same period a year ago.

Also Read: ConocoPhillips (COP) Stock Falls on OPEC+ Supply Hike, Lower Oil Prices

Lower 48 production averaged 1,462 MBOED, which includes 816 MBOED from the Permian, 379 MBOED from the Eagle Ford, and 212 MBOED from the Bakken assets.

The average realized price fell 6% Y/Y to $53.34 per barrel of oil equivalent (BOE).

Operating cash flow stood at $6.1 billion in the quarter, and it generated a free cash flow of $2.10 billion. The company repurchased $1.5 billion worth of shares and returned $1.0 billion through the ordinary dividend.

Conoco ended the quarter with $7.5 billion in cash and short-term investments and $1.0 billion in long-term investments.

Dividend: ConocoPhillips expects a quarterly dividend per share of $0.78, payable on June 2, 2025, to stockholders of record as of May 19, 2025.

Outlook: ConocoPhillips projects second-quarter production of 2.34 to 2.38 million barrels of oil equivalent per day.

The company lowered capital expenditures guidance to $12.3 billion- $12.6 billion from around $12.9 billion. 

It lowered the adjusted operating cost outlook to $10.7 billion to $10.9 billion from the prior guidance of $10 billion to $11.1 billion.

Ryan Lance, chairman and chief executive officer, said, "Amid a volatile macro environment, we remain confident in the competitive advantages provided by our differentiated portfolio, strong balance sheet and disciplined capital allocation framework that prioritizes returns on and of capital to shareholders."

In a separate release, ConocoPhillips disclosed that W.L. (Bill) Bullock, executive vice president and chief financial officer (CFO), plans to retire after 39 years of service.

Andy O'Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as new CFO, effective June 1, 2025. 

Investors can gain exposure to the COP stock via Texas Capital Funds Trust Texas Capital Texas Oil Index ETF (NYSE:OILT) and IShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO).

Price Action: COP shares are up 2.54% at $89.94 at the last check on Thursday.

Read Next:

  • Oil Soars Above $59 As Middle East Airstrikes Jolt Markets

Photo via Shutterstock

Continue Reading...

Popular

Shaq Rolls Up In A Cybertruck — Elon Musk Has This One-Word Response

Elon Musk gave a one-word response to NBA legend Shaquille O'Neal's customized Tesla Cybertruck.

D-Wave Quantum (QBTS) Stock Falls: What's Driving Recent Volatility After Advantage2 Launch?

D-Wave Quantum shares dipped 6.3% Tuesday, but remain up 138% over the past month. This surge follows the release of their advanced Advantage2 quantum computer last week.

Trump Plotting New Lockdown? - Ad

President Trump is plotting another lockdown. It's listed inside the White House's own documents: Federal Register notice 90 FR 4544 to be exact. And while the lockdown could start on THIS date just weeks from now... you've likely never heard a whisper about it.

e.l.f. Beauty Buys Hailey Bieber's Brand Rhode For $1 Billion: Now She's Richer Than Husband Justin Bieber

The massive $1 billion deal makes Hailey Bieber wealthier than her husband, Justin Bieber, and revives e.l.f.'s "positive momentum," according to analysts.

Only 3 Mag 7 Stocks Pass Peter Lynch's Favorite Valuation Test - Tesla Isn't One of Them

Lynch's PEG ratio helps identify true growth stocks, Mag 7 of Apple, Amazon, Alphabet, Microsoft, Meta, Nvidia, Tesla evaluated, only 3 pass.

Next-Gen Cybersecurity Stock Trades at 0.2% of Its Peer - Ad

KnowBe4 was bought for $4.6B. This microcap has smarter tech-and a $10M valuation.

Trump's Plan To 'Rip The Waste Out' Means End Of The Road For The Penny, But What Happens When Cash Totals Jump To The Next Nickel

The U.S. Treasury will stop minting pennies next year after 233 years. Retailers can still accept them, but will have to round transactions to the nearest nickel. Other countries have done the same without inflation. But will the change be seamless?

In Spain, a homelessness crisis unfolds in Madrid's airport

MADRID (AP) — Every morning at 6 a.m., Teresa sets out in search of work, a shower and a bit of exercise before she returns home. For around six months, that has been Terminal 4 of .

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

FDA approves Novavax COVID-19 shot but with unusual restrictions

WASHINGTON (AP) — The Food and Drug Administration has issued a but with unusual restrictions.

Here's the late changes Republicans made to Trump's big bill

WASHINGTON (AP) — Republicans made several eleventh-hour changes to their massive as they tried to win over GOP holdouts and pass the bill through the House.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Appeals court allows Trump’s anti-union order to take effect

WASHINGTON (AP) — An appeals court has cleared the way for President Donald Trump's executive order aimed at ending collective bargaining rights for hundreds of thousands of federal employees while a lawsuit plays out.

Microsoft Pulls Ahead In AI Race With Key Partnerships Across OpenAI, Nvidia, And Elon Musk's xAI

Microsoft showcased new products and collaborations with OpenAI, Nvidia, and Elon Musk's xAI at its Build conference, focusing on AI models for Azure clients.

The Next Big Thing in AI: Musk's Secret Supplier - Ad

Nvidia soared 500% in the first AI wave. Now, Elon Musk's xAI is igniting the second. With Trump's backing and policy shifts, xAI is poised to dominate generative AI. One small company behind its tech could explode in value-this may be your second chance to ride the AI boom.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Mercedes-Benz will establish its North American HQ in Georgia, moving hundreds of jobs

ATLANTA (AP) — Mercedes-Benz announced Thursday that it plans establish its North American headquarters in metro Atlanta, where the automaker will expand its existing U.S. corporate hub by adding hundreds of jobs relocated from other cities.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

SCHD: The Dividend ETF Turning Quiet Compounding Into Long-Term Wealth

Dividend growth investing may not be flashy, but it quietly creates lasting wealth for retirement. SCHD is a standout among dividend ETFs.

Nvidia's Jensen Huang Doesn't Want You To Order A Shake At Denny's, 'Get A Coke' He Says

Jensen Huang, co-founder of Nvidia, credits his shy teenage years as a Denny's busboy for developing people skills. Now a billionaire, Nvidia has been dominating the AI industry with a projected $400B in data-center spending next year.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Trump's 'beautiful' bill spans more than 1,000 pages. Here's what's inside it

WASHINGTON (AP) — House Republicans are getting closer to passing tax breaks, spending cuts and beefed-up border security as Speaker Mike Johnson attempts to pass the package over unified Democratic opposition by Memorial Day.

AST SpaceMobile Shares Are Facing Selling Pressure Today: What's Going On?

AST SpaceMobile Inc. (NASDAQ: ASTS) shares are trading lower Monday, adding to losses since the company reported first-quarter earnings last week that included revenue and earnings below expectations despite strong operational updates.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

AI Is Gutting Entry-Level Jobs And Gen Z Is Paying The Price, Warns LinkedIn's Aneesh Raman

LinkedIn's Aneesh Raman warns about AI's impact on entry-level jobs. Gen Z at risk as AI takes over roles meant for training. Companies must adapt.

Morris Chang Saw Writing On The Wall 20 Years Ago For The Likes Of Intel And Samsung And Why They Would Never Be Able To Beat TSMC In Foundry Business

In 2007, TSMC founder Morris Chang predicted that Intel and Samsung couldn't succeed in the foundry business due to fundamental cultural differences—and nearly two decades later, his foresight is proving accurate as TSMC maintains dominance while its rivals struggle to catch up.

Major Copper-Nickel Discovery on the Move - Ad

Copper is called the new oil, with prices hitting decade highs. One junior has two strategic copper-nickel assets already producing high-grade results. Institutions and strategic investors are all in.

Average rate on a US 30-year mortgage rises to 6.86%, its highest level since mid-February

The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season.

Abigail Disney urges donors to be braver about their giving and shouldering more risk

MIAMI BEACH, Florida (AP) — Activist and philanthropist Abigail Disney urged donors and the leaders of major foundations and nonprofits to be braver with their giving, especially at a time when more are fearful about speaking their minds.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

10 sources of emergency cash, ranked from best to worst

If unanticipated expenses exceed your emergency fund, here’s a look at where to go next.

King Charles III says Canada facing unprecedented challenges as Trump threatens annexation

OTTAWA, Ontario (AP) — said Canada is facing unprecedented challenges in a world that's never been more dangerous as he opened the Canadian Parliament on Tuesday with a speech widely viewed as a show of support in the face of annexation threats by U.S. President .

AI-Powered Cyber Stock Attacks the Real Threat - Human Error - Ad

88% of breaches happen from human mistakes. This company's IC360 platform is using AI to stop them.

China's economy slows in April as trade war blues hit retail sales, housing and investment

China’s economy showed signs of slowing in April as President Donald Trump's took a toll, with retail sales, property and investment coming in weaker than economists had forecast.

What we know and still don't know about a private plane's crash into a San Diego neighborhood

Authorities were investigating why a private plane crashed early Thursday in San Diego, killing two people, damaging homes and igniting cars in the U.S. military's largest housing neighborhood.

The AI Market Could Hit $356B - This Firm Is Already Building - Ad

Cedarcross isn't pitching prototypes. It's locking in GPU clusters, landing high-margin leasing deals, and scaling today. And that could mean opportunity.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service