NEW YORK (TheStreet) -- ConocoPhillips shares are up by 1.03% to $52.78 in afternoon trading on Wednesday, ahead of the release of the oil company's second quarter financial results, which are due out before the market open tomorrow morning. Analysts on average are expecting the company to report earnings of 4 cents per share, a significant drop from the year ago period when the company reported earnings of $1.61 per share. For the most recent quarter ConocoPhillips is expected to produce between 1,555 and 1,595 MBOED compared to the 1,610 MBOED it averaged in the previous quarter. Revenue for the period is expected to be $8.7 billion, a decline from the $14.7 billion the company reported in the same period a year ago. Exxon Mobil and Chevron , two of the world's largest oil companies, are scheduled to report their earnings results on Friday. Separately, TheStreet Ratings team rates CONOCOPHILLIPS as a Hold with a ratings score of C.
Similar Stories to Conocophillips (cop) Stock Climbs Ahead Of Earnings Release on Bing News
twocents@thestreet.com (Tony Owusu), The Street
Wed, 07/29/2015 - 12:14pm
Topics: york thestreet conocophillips analysts revenue exxon mobil chevron separately c thestreet ratings team conocophillips cop hold highlights weakness net cop ratings report energy the the conocophillips mboed thestreet ratings hold thestreet ratings team cop cop cop click stock earnings release company quarter year average industry share ratio levels compared period results view financial profit significantly oil expected cash reported debt margin billion decreased decline previous debt-to-equity strengths growth analysis reasonable
BING NEWS:
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ConocoPhillips COP reported first-quarter 2024 adjusted earnings per share of $2.03, which beat the Zacks Consensus Estimate of $1.99. The bottom line, however, declined from the prior-year quarter’s ...
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ConocoPhillips COP is set to report first-quarter 2024 earnings on May 2, before the opening bell. In the last reported quarter, the company’s adjusted earnings per share of $2.40 beat the Zacks ...
04/29/2024 - 1:23 am | View Link - More
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