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.
Fourth-quarter total revenues and other income declined year-on-year to $8.14 billion from $10.36 billion, prior year. Analysts expected revenue of $7.67 billion for the quarter. Sales and other operating revenues were $7.71 billion compared to $9.67 billion, previous year.
For comments and feedback: editorial@rttnews.com