Investing.com - ConocoPhillips (NYSE:COP) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ConocoPhillips announced earnings per share of $2.27 on revenue of $15.96B. Analysts polled by Investing.com anticipated EPS of $2.18 on revenue of $13.6B.
ConocoPhillips shares are up 27% from the beginning of the year, still down 0.43% from its 52 week high of $92.61 set on February 2. They are outperforming the S&P 500 which is down 3.71% from the start of the year.
ConocoPhillips follows other major Energy sector earnings this month
ConocoPhillips's report follows an earnings beat by Exxon Mobil on Tuesday, who reported EPS of $2.05 on revenue of $84.97B, compared to forecasts EPS of $1.93 on revenue of $85.01B.
Chevron had missed expectations on January 28 with fourth quarter EPS of $2.56 on revenue of $48.13B, compared to forecast for EPS of $3.13 on revenue of $45.34B.
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