ConocoPhillips (COP Quick QuoteCOP - Free Report) reported $16.05 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 6.1%. EPS of $1.89 for the same period compares to $2.09 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $14.81 billion, representing a surprise of +8.41%. The company delivered an EPS surprise of +9.46%, with the consensus EPS estimate being $1.73.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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: 415 millions of barrels of oil per day versus 409.83 millions of barrels of oil per day estimated by five analysts on average.
• Natural gas produced per day - Total company: 3988 millions of cubic feet per day versus the five-analyst average estimate of 3904.43 millions of cubic feet per day.
• Total production per day: 2096 millions of barrels of oil equivalent per day compared to the 2289.29 millions of barrels of oil equivalent per day average estimate based on five analysts.
• Crude oil produced per day - Total company: 1111 millions of barrels of oil per day versus the five-analyst average estimate of 1159.75 millions of barrels of oil per day.
• Average Sales Price - Natural gas - Total company: $4.09 versus the four-analyst average estimate of $4.26.
• Average Sales Price - Crude oil - Total company per bbl: $73.47 versus $72.53 estimated by three analysts on average.
• Bitumen produced per day: 118 millions of barrels of oil per day versus the three-analyst average estimate of 115.22 millions of barrels of oil per day.
• Crude oil produced per day - Europe, Middle East and North Africa: 121 millions of barrels of oil per day versus the two-analyst average estimate of 131.39 millions of barrels of oil per day.
• Natural gas liquids produced per day - Europe, Middle East and North Africa: 8 millions of barrels of oil per day versus the two-analyst average estimate of 7.97 millions of barrels of oil per day.
• Natural gas produced per day - Europe, Middle East and North Africa: 525 millions of cubic feet per day compared to the 514.5 millions of cubic feet per day average estimate based on two analysts.
• Revenues- Sales and other operating revenues: $15.76 billion versus the three-analyst average estimate of $15.05 billion. The reported number represents a year-over-year change of -4.6%.
• Revenues- Equity in earnings of affiliates: $247 million versus $202.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -37% change.

View all Key Company Metrics for ConocoPhillips here>>>

Shares of ConocoPhillips have returned -1.3% over the past month versus the Zacks S&P 500 composite's +8.2% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.