ConocoPhillips Q1 Profit Increases, beats estimates

ConocoPhillips (COP) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $5.76 billion, or $4.39 per share. This compares with $0.98 billion, or $0.75 per share, in last year's first quarter.

Excluding items, ConocoPhillips reported adjusted earnings of $4.29 billion or $3.27 per share for the period.

Analysts on average had expected the company to earn $3.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

ConocoPhillips earnings at a glance (GAAP) :

-Earnings (Q1): $5.76 Bln. vs. $0.98 Bln. last year.
-EPS (Q1): $4.39 vs. $0.75 last year.
-Analyst Estimate: $3.03

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