Markets
COP

ConocoPhillips (COP) Posts Narrower-Than-Expected Q4 Loss

Houston, TX-based ConocoPhillipsCOP 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 #3 (Hold) but that could change following its fourth-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 26 cents, came narrower than the Zacks Consensus Estimate of 38 cents loss per share.

Revenue: Revenues of $7,254 million failed to beat the Zacks Consensus Estimate of $7,281 million.

Key Stats: Total production during the fourth-quarter 2016 came at 1,596 thousand barrels of oil equivalent per day (MBOE/D), slightly down from 1,599 MBOE/D in the year ago quarter period. The total realized price of hydrocarbon was $32.93 per barrel of oil equivalent (BOE), against $28.54 per BOE in the October to December quarter of 2015, implying higher average realized prices across all commodities.

Check back later for our full write up on this ConocoPhillips earnings report later!

ConocoPhillips Price and EPS Surprise

ConocoPhillips Price and EPS Surprise | ConocoPhillips Quote

Zacks' Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ConocoPhillips (COP): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

COP

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More