ConocoPhillips (NYSE:COP) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
ConocoPhillips beat estimated earnings by 13.33%, reporting an EPS of $2.38 versus an estimate of $2.1.
Revenue was down $3.77 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.1 which was followed by a 2.87% drop in the share price the next day.
Here’s a look at ConocoPhillips’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.81 | 3.74 | 3.90 | 3 |
| EPS Actual | 2.71 | 3.60 | 3.91 | 3.27 |
| Revenue Estimate | 18.03B | 20.07B | 19.47B | 16.50B |
| Revenue Actual | 19.26B | 21.61B | 21.99B | 19.29B |
To track all earnings releases for ConocoPhillips visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
