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