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ConocoPhillips (COP) Posts Narrower-Than-Expected Q3 Loss
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Houston, TX-based ConocoPhillips (COP - Free Report) is a major global exploration and production (E&P) company with operations and activities in 21 countries that include the U.S., Canada, UK/Norway, China, Australia, offshore Timor-Leste, Indonesia, Libya, Nigeria, Algeria, Russia and Qatar.
We have highlighted some of the key details from the just-released quarterly announcement below:
Earnings: Loss per share excluding special items came in at 66 cents, came narrower than the Zacks Consensus Estimate of 69 cents loss per share.
Revenue: Revenues of $6,516 million failed to beat the Zacks Consensus Estimate of $6,541 million.
Key Stats: Total production during the third-quarter 2016 came at 1,557 thousand barrels of oil equivalent per day (MBOE/D), slightly up from 1,554 MBOE/D in the year ago quarter period. The total realized price of hydrocarbon was $29.78 per barrel of oil equivalent (BOE), compared with $32.87 per BOE in the third quarter of 2015, reflecting lower average realized prices across all commodities.
Check back later for our full write up on this ConocoPhillips earnings report later!
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ConocoPhillips (COP) Posts Narrower-Than-Expected Q3 Loss
Houston, TX-based ConocoPhillips (COP - Free Report) is a major global exploration and production (E&P) company with operations and activities in 21 countries that include the U.S., Canada, UK/Norway, China, Australia, offshore Timor-Leste, Indonesia, Libya, Nigeria, Algeria, Russia and Qatar.
Currently, ConocoPhillips has a Zacks Rank #4 (Sell) but that could change following its third-quarter 2016 report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released quarterly announcement below:
Earnings: Loss per share excluding special items came in at 66 cents, came narrower than the Zacks Consensus Estimate of 69 cents loss per share.
Revenue: Revenues of $6,516 million failed to beat the Zacks Consensus Estimate of $6,541 million.
Key Stats: Total production during the third-quarter 2016 came at 1,557 thousand barrels of oil equivalent per day (MBOE/D), slightly up from 1,554 MBOE/D in the year ago quarter period. The total realized price of hydrocarbon was $29.78 per barrel of oil equivalent (BOE), compared with $32.87 per BOE in the third quarter of 2015, reflecting lower average realized prices across all commodities.
CONOCOPHILLIPS Price and EPS Surprise
CONOCOPHILLIPS Price and EPS Surprise | CONOCOPHILLIPS Quote
Check back later for our full write up on this ConocoPhillips earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>