ConocoPhillips Earnings, Revenue Beat in Q2
2022.08.04 17:23
Budrigannews.com – ConocoPhillips (NYSE:COP) reported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
ConocoPhillips announced earnings per share of $3.91 on revenue of $21.99B. Analysts polled by Investing.com anticipated EPS of $3.86 on revenue of $19.56B.
ConocoPhillips shares are up 26% from the beginning of the year, still down 26.40% from its 52 week high of $124.08 set on June 8. They are outperforming the S&P 500 which is down 12.82% from the start of the year.
ConocoPhillips shares gained 2.44% in pre-market trade following the report.
ConocoPhillips follows other major Energy sector earnings this month
ConocoPhillips’s report follows an earnings beat by Exxon Mobil on July 29, who reported EPS of $4.14 on revenue of $115.68B, compared to forecasts EPS of $3.84 on revenue of $111.3B.
Chevron had beat expectations on July 29 with second quarter EPS of $5.82 on revenue of $68.76B, compared to forecast for EPS of $5.08 on revenue of $58.66B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
