Detailed performance report for CONOCOPHILLIPS covering Q2 2024. Gain clarity on earnings, revenue trends, and AI-enhanced strategic analysis.
Ryan Lance -- Chairman and Chief Executive Officer -- will discuss the company's second quarter 2024 earnings call. Ryan and Bill will kick it off with opening remarks, after the team will be available for your questions. During this call, we will make forward-looking statements based on current expectations. In the second quarter, we generated $1.98 per share in adjusted earnings. We still expect to close the transaction late in the fourth quarter. The company recently signed two long-term regasification agreements to deliver volumes into Europe and Asia, both of which will start in 2027. Lower 48 production averaged 1,105,000 barrels of oil equivalent per day, with 748,000 in the Permian, 238,000 of Eagle Ford and 105,000 in the Balkans. Alaska and international production averaged 839,000 oil equivalent days, representing roughly 4% underlying growth in the Lower 48 year-over-year. We ended the quarter with cash and short-term investments of $6.3 billion and $1 billion in longer-term liquid investments. On cash flow, we are increasing full year guidance for APLNG distributions by $100 million to $1.4 billion. This reflects strong progress on our Willow scope for the year, as well as some additional capital allocated to Lower 48 partner operating activity.
Access the official earnings call transcript for CONOCOPHILLIPS 2024 Q2. It provides valuable insights into management commentary, performance drivers, and forward-looking guidance directly from the company.