Earnings Beat: Houston, TX-based ConocoPhillips (COP Quick QuoteCOP - Free Report) reported earnings per share excluding special items at $1.09, beating the Zacks Consensus Estimate of $1.06.

Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been revised upward over the last 30 days.

Moreover, ConocoPhillips have an impressive earnings surprise history. The company managed to beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 226.9%.

Revenue: Revenues of $9,240 million failed to surpass the Zacks Consensus Estimate of $9,793 million.  

Key Stats: Total production during the second-quarter 2018 came at 1,249 thousand barrels of oil equivalent per day (MBOE/D), down from 1,437 MBOE/D in the year ago quarter period. For second-quarter 2018, the total realized price of hydrocarbon was recorded at $54.32 per barrel of oil equivalent (BOE), higher than $36.08 per BOE in the April to June quarter of 2017.           

Zacks Rank: Currently, ConocoPhillips sports a Zacks Rank #1 (Strong Buy) but that could change following its second-quarter 2018 report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.

Check back later for our full write up on this ConocoPhillips earnings report later!

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