Tuesday, February 4, 2020

ConocoPhillips Q4 Adj. Profit Falls On Lower Realized Prices, Volumes

ConocoPhillips (COP) reported fourth-quarter adjusted earnings per share of $0.76, compared to $1.13, prior year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.80, for the quarter. Analysts' estimates typically exclude special items. Adjusted earnings were $0.8 billion, compared to $1.3 billion, prior year. Fourth-quarter adjusted earnings were lower due to lower realized prices and volumes. Total realized price was $47.01 per BOE, 11 percent lower than a year ago, reflecting lower marker prices.

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