ConocoPhillips remains an excellent value in the oil patch.
These energy stocks offer high yielding payouts that they're growing at high rates.
As COP is all set to acquire MRO, a major layoff of about 500 employees is announced in Houston to reduce costs and improve performance.
ConocoPhillips is very optimistic about what's ahead.
Analysts expressed views on ConocoPhillips' COP mixed third-quarter results.
ConocoPhillips (NYSE:COP ) Q3 2024 Earnings Conference Call October 31, 2024 12:00 PM ET Company Particiapants Phil Gresh - Vice President, Investor Relations Ryan Lance - Chairman and CEO Bill Bullock - Executive Vice President and Chief Financial Officer Andy O'Brien - SVP of Strategy, Commercial Sustainability and Technology Nick Olds - Executive Vice President of Lower 48 Kirk Johnson - Senior Vice President of Global Operations Conference Call Participants Neil Mehta - Goldman Sachs Doug Leggate - Wolf Research Steve Richardson - Evercore ISI Devin McDermott - Morgan Stanley Arun Jayaram - JPMorgan Lloyd Byrne - Jefferies Betty Jiang - Barclays Bob Brackett - Bernstein Ryan Todd - Piper Sandler Roger Read - Wells Fargo Scott Hanold - RBC Capital Markets Neal Dingmann - Truist Josh Silverstein - UBS Alastair Syme - Citi Kalei Akamine - Bank of America Charles Meade - Johnson Rice Paul Cheng - Scotiabank Kevin MacCurdy - Pickering Energy Partners Phillips Johnston - Capital One Securities Leo Mariani - ROTH Operator Welcome to the Third Quarter 2024 ConocoPhillips Earnings Conference Call. My name is Liz and I will be your operator for today's call.
ConocoPhillips (COP) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $2.16 per share a year ago.
ConocoPhillips shares rose 2.8% in premarket trades Thursday after the oil giant reported better-than-expected third-quarter earnings and gave robust production guidance.
ConocoPhillips posted a third-quarter profit that beat Wall Street estimates on Thursday, as the Texas-based oil and gas producer benefited from higher production.
Marathon Oil Corp , which is being acquired by larger rival ConocoPhillips , this week said it would dismiss 500 workers in Texas, according to a filing with the Texas Workforce Commission.
ConocoPhillips is exploring a sale of some of its shale operations in the Permian Basin worth more than $1 billion, two years after an unsuccessful attempt to find a buyer for the same assets, people familiar with the matter said on Wednesday.
ConocoPhillips (COP) reachead $104.56 at the closing of the latest trading day, reflecting a +0.18% change compared to its last close.