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ConocoPhillips (COP) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

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ConocoPhillips (COP - Free Report) reported $17.1 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 18.1%. EPS of $2.09 for the same period compares to $2.03 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $16.54 billion, representing a surprise of +3.37%. The company delivered an EPS surprise of +1.46%, with the consensus EPS estimate being $2.06.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how ConocoPhillips performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Natural gas liquids produced per day - Total company: 402 millions of barrels of oil compared to the 394.51 millions of barrels of oil average estimate based on eight analysts.
  • Natural gas produced per day - Total company: 4070 millions of cubic feet versus 4042.99 millions of cubic feet estimated by eight analysts on average.
  • Total Production per day: 2389 millions of barrels of oil equivalent compared to the 2363.2 millions of barrels of oil equivalent average estimate based on eight analysts.
  • Crude oil produced per day - Total company: 1166 millions of barrels of oil versus the eight-analyst average estimate of 1186.65 millions of barrels of oil.
  • Average Sales Price - Natural gas - Total company: $5.62 versus $5.28 estimated by six analysts on average.
  • Average Sales Price - Crude oil - Total company per bbl: $71.65 compared to the $72.16 average estimate based on five analysts.
  • Bitumen produced per day: 143 millions of barrels of oil versus 145.84 millions of barrels of oil estimated by five analysts on average.
  • Crude oil produced per day - Europe, Middle East and North Africa: 136 millions of barrels of oil versus 126.94 millions of barrels of oil estimated by four analysts on average.
  • Natural gas liquids produced per day - Europe, Middle East and North Africa: 9 millions of barrels of oil versus 5.93 millions of barrels of oil estimated by four analysts on average.
  • Revenues- Sales and other operating revenues: $16.52 billion compared to the $15.85 billion average estimate based on five analysts. The reported number represents a change of +19.3% year over year.
  • Revenues- Equity in earnings of affiliates: $392 million compared to the $325.20 million average estimate based on four analysts. The reported number represents a change of -6.9% year over year.
  • Revenues- Other Income: $113 million versus $119.09 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.
View all Key Company Metrics for ConocoPhillips here>>>

Shares of ConocoPhillips have returned -4.2% over the past month versus the Zacks S&P 500 composite's +11.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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