ConocoPhillips has reported a rise in second-quarter 2022 earnings. The company earned $5.1 billion compared with second-quarter 2021 earnings of $2.1 billion. U.S. supermajor ConocoPhillips has reported a rise in second-quarter 2022 earnings. The company earned $5.1 billion compared with second-quarter 2021 earnings of $2.1 billion. Excluding special items, second-quarter 2022 adjusted earnings were $5.1 billion compared with second-quarter 2021 adjusted earnings of $1.7 billion. Special items for the current quarter were comprised of gains on asset sales including contingent payments related to prior dispositions, partially offset by a loss on debt extinguishment and a Norway tax reform-related adjustment. ConocoPhillips announced a $5 billion increase in planned 2022 return of capital to $15 billion. The company declared both a third-quarter ordinary dividend of 46 cents per share, payable September 1, 2022, and a fourth-quarter variable return of cash payment of $1.40 per share. Generated cash provided by operating activities […]