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ConocoPhillips (COP) Beats on Q3 Earnings & Revenues

Houston, TX-based ConocoPhillips COP is one of the largest exploration and production players in the world, based on proved reserves and production.

Currently, ConocoPhillips has a Zacks Rank #2 (Buy) but that could change following its third-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 16 cents, surpassed the Zacks Consensus Estimate of 9 cents.

Revenue: Revenues of $7,195million surpassed the Zacks Consensus Estimate of $6,548million.  

Key Stats: Total production during the third-quarter 2017 came at 1,226 thousand barrels of oil equivalent per day (MBOE/D), down from 1,557 MBOE/D in the year ago quarter period. The total realized price of hydrocarbon was $37.10 per barrel of oil equivalent (BOE), against $29.78 per BOE in the July to September quarter of 2016.       

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

ConocoPhillips Price and EPS Surprise

ConocoPhillips Price and EPS Surprise | ConocoPhillips Quote

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