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

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ConocoPhillips (COP): Free Stock Analysis Report

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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.

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