Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
ConocoPhillips (COP) Posts Higher Q2 Loss, Miss Revenue
Houston, TX-based ConocoPhillips (COP - Free Report) is a major global exploration and production (E&P) company with operations and activities in 21 countries that include the U.S., Canada, UK/Norway, China, Australia, offshore Timor-Leste, Indonesia, Libya, Nigeria, Algeria, Russia and Qatar.
Currently, ConocoPhillips has a Zacks Rank #2 (Buy) but that could change following its second-quarter 2016 report which has just released. We have highlighted some of the key details from the just-released quarterly announcement below:
CONOCOPHILLIPS Price and EPS Surprise
CONOCOPHILLIPS Price and EPS Surprise | CONOCOPHILLIPS Quote
Earnings: Loss per share excluding special items came in at 79 cents, missing the Zacks Consensus Estimate of 62 cents loss per share.
Revenue: Revenues of $5.58 billion failed to beat the Zacks Consensus Estimate of $6.47 billion.
Key Stats: Total production during the second-quarter 2015 came at 1,546 thousand barrels of oil equivalent per day (MBOE/D), down from 1,595 MBOE/D in the year ago quarter period. The company’s total realized price was $27.79 per barrel of oil equivalent (BOE), compared with $39.06 per BOE in the second quarter of 2015, reflecting lower average realized prices across all commodities.
Check back later for our full write up on this COP earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>