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ConocoPhillips (COP) Q2 Earnings Crush Loss Estimate

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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 second-quarter 2017 report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.

We have highlighted some of the key details from the just-released quarterly announcement below:

Earnings: Earnings per share excluding special items came in at 14 cents against the Zacks Consensus Estimate of 2 cents loss per share.

Revenue: Revenues of $8,882 million surpassed the Zacks Consensus Estimate of $6,735 million.

Key Stats: Total production during the second-quarter 2017 came at 1,437 thousand barrels of oil equivalent per day (MBOE/D), down from 1,546 MBOE/D in the year ago quarter period.The total realized price of hydrocarbon was $36.08 per barrel of oil equivalent (BOE), against $27.79 per BOE in the April to June quarter of 2016, implying higher 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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