ConocoPhillips (NYSE: COP) beat adjusted earnings expectations in the third quarter, delivering $1.61 per share versus the $1.41 consensus.
ConocoPhillips (COP) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.4 per share. This compares to earnings of $1.78 per share a year ago.
ConocoPhillips beat Wall Street estimates for third-quarter profit on Thursday, as higher oil and gas production and cost-cutting efforts helped offset lower commodity prices.
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.
ConocoPhillips is rated a Buy, offering strong growth potential via major projects and recent Marathon Oil acquisition synergies. COP is adapting to lower oil prices with significant cost cuts, reduced CapEx guidance, and a major workforce reduction to preserve cash flow. Dividend yield is moderate, while buybacks are potentially unsustainable if oil prices remain low, with past precedent for dividend cuts during downturns.
In the most recent trading session, ConocoPhillips (COP) closed at $86.79, indicating a -2.14% shift from the previous trading day.
U.S. oil producer ConocoPhillips will begin layoffs at its Canadian operations in the first week of November, according to a memo seen by Reuters on Thursday.
ConocoPhillips (NYSE:COP, ETR:YCP) may not have the flashiest story in the oil patch, but RBC thinks the steady hand is paying off. Ahead of third-quarter results, the broker keeps its “outperform” rating and lifts its price target to $118 from $113, citing consistent free cash flow, strong shareholder returns, and a resilient balance sheet.
ConocoPhillips (COP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
ConocoPhillips, a $118 billion market cap company, is integrating its acquisition of Marathon Oil Corporation. This has included sales of non-core assets in Oklahoma and the offshore Gulf. The surprisingly low-beta company pays a 3.3% dividend and has a large share repurchase program. Similar to some peers, as part of its post-acquisition restructuring and also due to pressure from lower oil prices, ConocoPhillips has announced it will lay off up to 25%.
ConocoPhillips is rapidly expanding its upstream operations, notably in the Permian Basin, fueled by the Marathon Oil acquisition in 2024. COP delivered strong production growth and robust free cash flow in Q2 2025, despite a 23% year-over-year earnings decline due to lower petroleum prices. Billions in expected synergies and $5.0B in targeted asset dispositions could be recycled into new production assets in high-potential regions such as the Permian.
COP leverages low-cost shale assets and its Marathon Oil acquisition to sustain profitability even at breakeven costs of $40 per barrel.