ConocoPhillips Beats Q1 Profit Estimates as Output Jumps

ConocoPhillips (NYSE: COP) reported on Thursday slightly better-than-expected earnings for the first quarter, as higher oil and gas production volumes more than offset lower prices and increased operating costs. ConocoPhillips booked adjusted earnings of $2.7 billion, or $2.09 per share, for the first quarter, up from adjusted earnings of $2.4 billion, or $2.03 per share, for the same period of 2024. The EPS also beat the analyst consensus estimate of $2.05 compiled by The Wall Street Journal. ConocoPhillips completed the acquisition of Marathon…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com