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ConocoPhillips (COP) Posts Narrower-Than-Expected Q3 Loss
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 #4 (Sell) but that could change following its third-quarter 2016 report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released quarterly announcement below:
Earnings: Loss per share excluding special items came in at 66 cents, came narrower than the Zacks Consensus Estimate of 69 cents loss per share.
Revenue: Revenues of $6,516 million failed to beat the Zacks Consensus Estimate of $6,541 million.
Key Stats: Total production during the third-quarter 2016 came at 1,557 thousand barrels of oil equivalent per day (MBOE/D), slightly up from 1,554 MBOE/D in the year ago quarter period. The total realized price of hydrocarbon was $29.78 per barrel of oil equivalent (BOE), compared with $32.87 per BOE in the third quarter of 2015, reflecting lower average realized prices across all commodities.
CONOCOPHILLIPS Price and EPS Surprise
CONOCOPHILLIPS Price and EPS Surprise | CONOCOPHILLIPS Quote
Check back later for our full write up on this ConocoPhillips earnings report later!
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