ConocoPhillips (NYSE:COP) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.32 per share.
Looking ahead, the full year loss are expected at $ 0.9 per share on the revenues of $ 19653.70 million.
Previous Quarter Performance
ConocoPhillips announced loss for the second quarter of $ 0.92 per share, from the revenue of $ 4,016.00 million. The quarterly revenues declined 52.08 percent compared with the same quarter last year. According to street consensus, COP was expected to report 2Q20 loss of $ 0.58 per share from revenue of $ 4049.96 million. The bottom line results missed street analysts by $ 0.34 or 58.62 percent, at the same time, top line results fell short of analysts by $ 33.96 million or 0.84 percent.
Stock Performance
Shares of ConocoPhillips traded low $ -1.47 or -4.86 percent on Wednesday, reaching $ 28.79 with volume of 14.28 million shares. ConocoPhillips has traded high as $ 29.81 and has cracked $ 28.55 on the downward trend
According to the previous trading day, closing price of $ 28.79, representing a 45.20 % increase from the 52 week low of $ 20.84 and a 54.92 % decrease over the 52 week high of $ 67.13.
The company has a market capital of $ 30.75 billion and is part of the Energy sector and Oil & Gas E&P industry.
Conference Call
ConocoPhillips will be hosting a conference call at 12:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.conocophillips.com
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
