Operator Welcome to the fourth-quarter 2024 ConocoPhillips earnings conference call. My name is Liz, and I will be your operator for today's call. I will now turn the call over to Phil Gresh, vice president,

ConocoPhillips (COP) reports robust production growth and significant capital returns, while navigating acquisition costs and regulatory challenges.

ConocoPhillips has delivered a strong performance in its fourth quarter 2024 earnings call, exceeding expectations and showcasing the company's operational execution and growth strategy. The oil major reported 4% production growth year-over-year,

The Houston-based operator reported fourth quarter earnings of $2.31 billion and net income of $1.90 per share. Earnings, adjusted for non-recurring costs, came to $1.98 per share. For the year, the company reported profit of $9.24 billion or $7.81 per share and revenue of $56.95 billion.

Operator Ladies and gentlemen, thank you for standing by and welcome to the Lilly Q4 2024 earnings call. [Operator instructions] I would now like to turn the conference over to your host, Mike Czapar,