In Line Earnings: Houston, TX-based ConocoPhillips (NYSE:COP) reported earnings per share excluding special items at 45 cents, in line with the Zacks Consensus Estimate.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been revised upward over the last 30 days.
Moreover, ConocoPhillips have an impressive earnings surprise history. The company managed to beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 152.3%.
Revenue: Revenues of $8,736 million surpassed the Zacks Consensus Estimate of $7,698 million.
Key Stats: Total production during the fourth-quarter 2017 came at 1,256 thousand barrels of oil equivalent per day (MBOE/D), down from 1,596 MBOE/D in the year ago quarter period. For 2017, the total realized price of hydrocarbon was recorded at $39.19 per barrel of oil equivalent (BOE), higher than $28.35 per BOE in the January to December period of 2016.
Zacks Rank: Currently, ConocoPhillips has a Zacks Rank #2 (Buy) but that could change following its fourth-quarter 2017 report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
Check back later for our full write up on this ConocoPhillips earnings report later!
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ConocoPhillips (COP): Free Stock Analysis Report
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