ConocoPhillips (COP Quick QuoteCOP - Free Report) reported $19.52 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 32.4%. EPS of $3.24 for the same period compares to $1.42 a year ago.

The reported revenue represents a surprise of +11.32% over the Zacks Consensus Estimate of $17.54 billion. With the consensus EPS estimate being $2.96, the EPS surprise was +9.46%.

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 produced per day - Total company: 3710 millions of cubic feet per day versus 3530.99 millions of cubic feet per day estimated by five analysts on average.
• Total production per day: 2101 millions of barrels of oil equivalent per day compared to the 2211.96 millions of barrels of oil equivalent per day average estimate based on five analysts.
• Crude oil produced per day - Total company: 1094 millions of barrels of oil per day versus 1146.66 millions of barrels of oil per day estimated by five analysts on average.
• Average Sales Price - Natural gas - Total company: $2.58 compared to the $3.27 average estimate based on four analysts.
• Natural gas liquids produced per day - Total company: 420 millions of barrels of oil per day versus the four-analyst average estimate of 406.73 millions of barrels of oil per day.
• Average Sales Price - Crude oil - Total company per bbl: $99.40 versus the three-analyst average estimate of $97.99.
• Bitumen produced per day: 115 millions of barrels of oil per day versus 112.83 millions of barrels of oil per day estimated by three analysts on average.
• Crude oil produced per day - Europe, Middle East and North Africa: 122 millions of barrels of oil per day compared to the 110.49 millions of barrels of oil per day average estimate based on two analysts.
• Natural gas liquids produced per day - Europe, Middle East and North Africa: 8 millions of barrels of oil per day versus 7.97 millions of barrels of oil per day estimated by two analysts on average.
• Natural gas produced per day - Europe, Middle East and North Africa: 514 millions of cubic feet per day versus 510.39 millions of cubic feet per day estimated by two analysts on average.
• Revenues- Sales and other operating revenues: $19.16 billion compared to the $18.14 billion average estimate based on three analysts. The reported number represents a change of +36.8% year over year.
• Revenues- Equity in earnings of affiliates: $239 million versus the two-analyst average estimate of $173.93 million. The reported number represents a year-over-year change of -24.1%.

View all Key Company Metrics for ConocoPhillips here>>>

Shares of ConocoPhillips have returned +3.9% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.