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ConocoPhillips (COP) Q4 Earnings Beat on Oil Price, Output
ConocoPhillips COP reported fourth-quarter 2018 adjusted earnings per share of $1.13, beating the Zacks Consensus Estimate of 99 cents and improving significantly from the year-ago 45 cents. The outperformance stems from higher oil realizations and strong volumes from the unconventional assets.
The Houston, TX-based world’s largest independent oil and gas producer’s quarterly revenue – at $10.4 billion – came 18.6% higher than the fourth-quarter 2017 sales of $8.7 billion and beat the Zacks Consensus Estimate of $10.2 billion.
ConocoPhillips’ fourth-quarter total expenses increased 3.8% from the corresponding period of 2017 to $7.7 billion.
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https://finance.yahoo.com/news/conocophi...04570.html
![[Bild: COPc1dl1445.png]](https://finviz.com/publish/013119/COPc1dl1445.png)
ConocoPhillips COP reported fourth-quarter 2018 adjusted earnings per share of $1.13, beating the Zacks Consensus Estimate of 99 cents and improving significantly from the year-ago 45 cents. The outperformance stems from higher oil realizations and strong volumes from the unconventional assets.
The Houston, TX-based world’s largest independent oil and gas producer’s quarterly revenue – at $10.4 billion – came 18.6% higher than the fourth-quarter 2017 sales of $8.7 billion and beat the Zacks Consensus Estimate of $10.2 billion.
ConocoPhillips’ fourth-quarter total expenses increased 3.8% from the corresponding period of 2017 to $7.7 billion.
...
https://finance.yahoo.com/news/conocophi...04570.html
