ConocoPhillips reported a fourth-quarter profit that exceeded Wall Street estimates, driven by higher production despite lower realized prices. The company's adjusted earnings per share were $1.98, surpassing the average analyst estimate of $1.83, while adjusted net income reached $2.4 billion, above the estimated $2.21 billion. Total revenue for the quarter was $14.7 billion, a decrease of 3.7% from the previous year. Production increased to 2.183 million barrels of oil equivalent per day (MBOED), up from 1.9 million MBOED a year earlier, with Marathon Oil's acquisition contributing an additional 126,000 boepd. Cash flow from operations was reported at $4.46 billion. ConocoPhillips also announced plans to divest non-core Lower 48 assets for $600 million, aiming to reduce debt following its $22.5 billion acquisition of Marathon Oil. The company expects its 2025 production to range between 2.34 million and 2.38 million MBOED, with capital expenditure forecasted at $12.9 billion for the year. ConocoPhillips aims to increase shareholder returns to $10 billion in 2025, up from $9.1 billion in 2024.