Market Overview

UPDATE: ConocoPhillips Q4 Profit Drops 58%

Related COP
Energy Sector Earnings: Anything Left to Surprise Street?
US Stock Futures Drop Ahead Of Earnings, Economic Data
Offshore Drillers: Results Of The Earnings Season (Seeking Alpha)

ConocoPhillips (NYSE: COP) reported a 58% drop in its fourth-quarter earnings.

ConocoPhillips' quarterly profit fell to $1.43 billion, or $1.16 per share, from $3.39 billion, or $2.56 per share, in the year-ago period. Excluding one-time items, its adjusted earnings declined to $1.43 per share from $1.55 per share.

Its sales declined 2.4% to $15.57 billion. However, analysts expected earnings of $1.42 per share on revenue of $13.31 billion.

ConocoPhillips shares fell 0.15% to $61.00 in after-hours trading.

Posted-In: profitEarnings News


Related Articles (COP)

View Comments and Join the Discussion!

Get Benzinga's Newsletters