CLAIM #16489 · ConocoPhillips (COP) · 2025Q1 earnings call · May 8, 2025 · due Dec 31, 2027
“As you look sort of through this year and going forward, we talk about our free cash flow inflection, this is exactly where you'll start to see it with breakeven coming down into the low 30s as we start to basically reduce the capital and we see the projects coming on.”
Andy O'Brien · SVP Strategy, Commercial, Sustainability and Technology
PENDING
graded after results covering Dec 31, 2027 are reported
How to check this claim
Look at: Company free cash flow breakeven oil price (WTI, $/bbl) needed to cover capex and dividend
It came true if: Disclosed breakeven price falls to low $30s (approximately $30-34/bbl) by year-end 2027
Where: Company-disclosed breakeven guidance (earnings call commentary, investor presentations, 10-K)
Verify independently
SEC filings for COP ↗ · Claim quote is verbatim from the 2025Q1 earnings call.