Integrated players' midstream operations remain robust due to steady fee-based revenues derived from pipeline assets, improving the prospects for the Zacks Oil & Gas US Integrated industry. ConocoPhillips (COP), Occidental (OXY) and Marathon Oil (MRO) are likely to gain.
ConocoPhillips (COP) came out with quarterly earnings of $1.98 per share, missing the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $1.84 per share a year ago.
Shares of ConocoPhillips COP gained 0.9% in premarket trading Thursday, after the oil giant reported second-quarter profit that beat expectations and said it reached record production. Net earnings rose to $2.33 billion, or $1.98 a share, from $2.23 billion, or $1.84 a share, in the same period a year ago.
U.S. oil and gas producer ConocoPhillips posted a second-quarter profit that beat Wall Street estimates on Thursday, benefiting from higher output and oil prices.
ConocoPhillips (NYSE: COP), a pure-play oil and natural gas producer, is scheduled to announce its fiscal second-quarter results on Thursday, August 1. We expect ConocoPhillips stock to trade higher post Q2 with both revenue and earnings beating market expectations marginally.
ConocoPhillips COP is set to release earnings results for its second quarter, before the opening bell on Aug. 1, 2024.
ConocoPhillips stock is down ~18% from its recent high, and over the past year has significantly underperformed both the S&P 500 and the broad energy sector. However, the company's dividend income combined with its potential for continued capital appreciation is relatively attractive for energy investors. Today, I will review the company's big-picture investment thesis, give an update on recent LNG news, and preview the company's Q2 earnings report (due out Thursday).
Oil stocks, though powerfully relevant even in the age of new-energy vehicles, have presented a difficult narrative. With the rise of electric vehicles, consumers actually have choices now that extend beyond the hydrocarbon paradigm.
Although ConocoPhillips' (COP) long-term prospects look lucrative, investors should wait for a better entry point.
In the closing of the recent trading day, ConocoPhillips (COP) stood at $110.86, denoting a -0.15% change from the preceding trading day.
ConocoPhillips (COP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The world runs on oil. Given the scientific advantages of fossil fuels – namely their immense energy density – it's likely that the world will run on oil for a longer time than pundits are expecting.