ConocoPhillips (COP) came out with quarterly earnings of $2.09 per share, beating the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $2.03 per share a year ago.
ConocoPhillips (NYSE:COP, ETR:YCP) shares were indicated 1.7% in premarket trading after the oil and gas major beat first-quarter earnings expectations and announced a leadership change. Adjusted earnings came in at $2.09 per share, just ahead of analyst forecasts, supported by a 26% jump in production to 2.38 million barrels of oil equivalent per day.
The Houston oil producer posted first-quarter earnings of $2.8 billion, or $2.23 a share, up from $2.6 billion, or $2.15 a share, a year earlier.
Evaluate the expected performance of ConocoPhillips (COP) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
A favorable crude pricing environment in the first quarter is likely to have benefited COP's exploration and production activities.
ConocoPhillips is a leading independent oil and gas company, focusing on hydrocarbon production with significant investments in Permian and LNG projects for diversification and stability. Despite revenue volatility, ConocoPhillips maintains high profitability, low debt, and strong free cash flow, supporting generous shareholder returns and potential for a 14.33% share price increase. Key risks include sensitivity to oil prices, regulatory changes, and integration challenges post-Marathon acquisition, but strong mining bases and LNG expansion drive future growth.
Energy sector stocks such as ET, MPLX, PBA, and COP show signs of robust performance ahead of Q1 earnings.
ConocoPhillips (COP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ConocoPhillips (COP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
An analyst's recommendation downgrade was the event that pushed ConocoPhillips (COP -1.04%) stock down marginally on the second trading day of the week. The incumbent energy company saw its share price dip by slightly over 1% on the day; by contrast, the S&P 500 index landed in positive territory with a 0.6% increase.
ConocoPhillips (COP) closed the most recent trading day at $91.88, moving -1.13% from the previous trading session.