ConocoPhillips misses quarterly profit estimates on lower gas prices
U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset gains from higher oil production.
ConocoPhillips’s production narrowly beats analyst estimate, but profit falls slightly short
ConocoPhillips’s stock rose fractionally in premarket trading on Thursday after it reported production slightly ahead of Wall Street’s forecast, despite an adjusted first-quarter profit that fell just below estimates.
ConocoPhillips Posts $2.6B Quarterly Profit
ConocoPhillips saw earnings for the first quarter fall year-on-year and quarter-on-quarter as weaker prices offset higher oil and gas production.
ConocoPhillips profit falls to $2.6 billion as lower commodity prices take toll
New York-listed ConocoPhillips posted first-quarter earnings of $2.6 billion, some $300 million less than a year earlier, due to lower commodity prices, higher costs and higher depreciation, depletion and amortisation, offset somewhat by increased production, a tax benefit and a gain on an asset sale.
ConocoPhillips Q1 Falls Short of Estimates
Global energy producer ConocoPhillips ( COP -1.68%) disclosed its first-quarter results on Thursday, May 2. The oil and gas titan's adjusted EPS at $2.03 barely missed the analyst estimate of $2.04. Adjusted EPS was also down year over year.
ConocoPhillips’s production narrowly beats analyst estimate, but profit falls slightly short
ConocoPhillips’s stock fell 0.6% on Thursday after its adjusted first-quarter profit slightly missed analyst estimates, while its production came in slightly ahead of Wall Street’s forecast.
Oil giant Shell beats first-quarter profit estimates despite weaker gas prices
British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, despite a sharp downturn in natural gas prices in Europe.
ConocoPhillips's Dividend Analysis
ConocoPhillips (NYSE:COP) recently announced a dividend of $0.78 per share, payable on 2024-06-03, with the ex-dividend date ...
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ConocoPhillips revs up Norway production with new field start-up
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Investing in ConocoPhillips (NYSE:COP) three years ago would have delivered you a 148% gain
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ConocoPhillips Falls Short: Q1 Revenue & Earnings Miss Estimates
ConocoPhillips reported revenue of $14.476 billion, falling short of the consensus estimate of $15.047 billion. Total ...
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ConocoPhillips hosts first United Way golf tournament fundraiser
In April, ConocoPhillips hosted its first annual “Tee It Up for United Way” Golf Tournament in Midland at Hogan Park. The ...
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ConocoPhillips boosts processing efficiency with new Zia Hills Central Facility
ConocoPhillips’ newest central processing facility is significantly enhancing the company’s Zia Hills asset in New Mexico by optimizing operational costs, expanding processing capacity, reducing ...