| ConocoPhillips reports 2Q loss | |
| | |
|
HOUSTON (AP) _ ConocoPhillips (COP) on Thursday reported a second-quarter loss of $179 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Houston-based company said it had a loss of 15 cents. Earnings, adjusted for asset impairment costs and pretax expenses, came to 7 cents per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The energy company posted revenue of $8.66 billion in the period.
ConocoPhillips shares have decreased 23 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 2 percent. The stock has declined 38 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COP at http://www.zacks.com/ap/COP
_____
Keywords: ConocoPhillips, Earnings Report
|
|
|
ConocoPhillips
|
|
|
CODE : COP |
ISIN : US20825C1045 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ConocoPhillips is a producing company based in United states of america. ConocoPhillips is listed in Germany and in United States of America. Its market capitalisation is US$ 152.0 billions as of today (€ 142.8 billions). Its stock quote reached its lowest recent point on December 31, 1991 at US$ 10.94, and its highest recent level on April 19, 2024 at US$ 129.12. ConocoPhillips has 1 177 107 000 shares outstanding. |