Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
The Procter & Gamble, Boston, ConocoPhillips and Kewaunee Scientific are included in this Analyst Blog.
Forecasters anticipate the U.S. will see a surge in electricity demand over the coming years. The industry already expected exports (liquified natural gas and to Mexico), the onshoring of manufacturing, and the electrification of everything to fuel a significant rise in natural gas demand for gas-fired power plants.
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ConocoPhillips (COP -0.27%) has transformed its business into a cash-gushing machine. The oil company has invested heavily in developing and expanding its low-cost oil and gas resources, which is allowing it to produce prodigious cash flow and return a lot of money to shareholders.
ConocoPhillips Company (NYSE:COP ) Q4 2024 Earnings Conference Call February 6, 2025 12:00 PM ET Company Participants Phil Gresh - Vice President, Investor Relations Ryan Lance - Chairman and Chief Executive Officer Bill Bullock - Executive Vice President and Chief Financial Officer Andy O'Brien - Senior Vice President, Strategy, Commercial, Sustainability & Technology Nick Olds - Executive Vice President, Lower 48 Kirk Johnson - Senior Vice President, Global Operations Conference Call Participants Arun Jayaram - JPMorgan Doug Leggate - Wolfe Research Lloyd Byrne - Jefferies Betty Jiang - Barclays Devin McDermott - Morgan Stanley Neil Mehta - Goldman Sachs Ryan Todd - Piper Sandler Bob Brackett - Bernstein Scott Hanold - RBC Capital Markets Neal Dingmann - Truist Securities Leo Mariani - ROTH Capital Partners Paul Cheng - Scotiabank Charles Meade - Johnson Rice Joshua Silverstein - UBS Alastair Syme - Citi Operator Welcome to the Fourth Quarter 2024 ConocoPhillips Earnings Conference Call. My name is Liz, and I will be your operator for today's call.
JP Morgan analyst Arun Jayaram expressed views on ConocoPhillips COP fourth-quarter results reported today. The analyst has an Overweight rating on the stock.
Weekly Jobless Claims Exceed Expectations.
Oil and gas exploration and production company ConocoPhillips (COP -0.48%) reported fourth-quarter and full-year 2024 earnings on Thursday, Feb. 6, that topped analysts' consensus estimates. Adjusted earnings per share (EPS) of $1.98 came in ahead of expectations of $1.84.
COP reports better-than-expected Q4 earnings, primarily due to higher oil equivalent production volumes. This is partially offset by lower average realized oil equivalent prices and increased total expenses.
ConocoPhillips (COP) came out with quarterly earnings of $1.98 per share, beating the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $2.40 per share a year ago.
ConocoPhillips is a solid energy sector stock, but current market conditions and its recent performance make it less attractive for immediate investment. COP's profitability remains strong, but its valuation and price action suggest a tactical, not buy-and-hold approach until a better part of the market cycle arrives. The company's dividend strategy is solid, but I prefer more direct payouts over buybacks; the yield is currently moderate, not compelling.