ConocoPhillips Earnings, Revenue Beat in Q1
2022.05.05 14:26
ConocoPhillips Earnings, Revenue Beat in Q1
Investing.com – ConocoPhillips (NYSE:COP) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
ConocoPhillips announced earnings per share of $3.27 on revenue of $19.29B. Analysts polled by Investing.com anticipated EPS of $3.14 on revenue of $17.06B.
ConocoPhillips shares are up 17% from the beginning of the year, still down 3.40% from its 52 week high of $107.52 set on March 25. They are outperforming the S&P 500 which is down 9.78% from the start of the year.
ConocoPhillips follows other major Energy sector earnings this month
ConocoPhillips’s report follows an earnings missed by Exxon Mobil on April 29, who reported EPS of $2.07 on revenue of $90.5B, compared to forecasts EPS of $2.23 on revenue of $82.84B.
Chevron had missed expectations on April 29 with first quarter EPS of $3.36 on revenue of $54.37B, compared to forecast for EPS of $3.4 on revenue of $51.14B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
