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ConocoPhillips(COP) - 2024 Q2 - Quarterly Results
2024-08-01 12:18
Exhibit 99.2 Second-Quarter 2024 Detailed Supplemental Information 2023 2024 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------|---------|---------|---------|---------|-----------|---------|---------|-----------------|-------| | | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Full Year | 1st Qtr | 2nd Qtr | 3rd Qtr 4th Qtr | YTD | | $ Millions, Except as Indicated | | | | | | | | | | CONSOLIDATED INCOME STATEMENT Revenues and Other Income | --- | --- | --- | --- | --- ...
Down 6% YTD, Will ConocoPhillips Stock Gain Following Q2 Results?
Forbes· 2024-08-01 11:00
HOUSTON, TEXAS - JUNE 14: The ConocoPhillips Headquarters on June 14, 2024 in Houston, Texas. (Photo ... [+] by Brandon Bell/Getty Images)Getty ImagesConocoPhillips (NYSE: COP), a pure-play oil and natural gas producer, is scheduled to announce its fiscal second-quarter results on Thursday, August 1. We expect ConocoPhillips stock to trade higher post Q2 with both revenue and earnings beating market expectations marginally. COP stock is down 6% year-to-date to $110. In comparison, COP’s peer Exxon Mobil sto ...
ConocoPhillips Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-08-01 06:51
ConocoPhillips  COP is set to release earnings results for its second quarter, before the opening bell on Aug. 1, 2024.Analysts expect the Houston, Texas-based company to report quarterly earnings at $1.96 per share, up from $1.84 per share in the year-ago period. ConocoPhillips is projected to report quarterly revenue of $14.92 billion, according to data from Benzinga Pro.ConocoPhillips and Marathon Oil Corporation MRO recently received a Second Request from the Federal Trade Commission (FTC) to extend the ...
ConocoPhillips Q2 Preview: Strong And Steady As She Goes
Seeking Alpha· 2024-07-29 19:18
alvarez/E+ via Getty Images ConocoPhillips (NYSE:COP) stock is -4.3% during the past year and has significantly underperformed both the S&P 500 (+19.5%) and The Energy Select Sector SPDR Fund ETF (XLE), which is +5.4%. In Q1, COP's earnings of $2.03/share were down $0.35/share from the year earlier period. That was primarily due to lower average realized pricing ($56.60/boe vs. $60.86/boe) as Henry Hub natural gas realizations dropped from $2.92/Mcf to $1.57/Mcf. And domestic natural gas pricing continues t ...
7 Oil Stocks to Buy as the Political Paradigm Shifts
Investor Place· 2024-07-29 18:54
Oil stocks, though powerfully relevant even in the age of new-energy vehicles, have presented a difficult narrative. With the rise of electric vehicles, consumers actually have choices now that extend beyond the hydrocarbon paradigm. Also, scientific concerns such as climate change have impacted the ideological discourse. Nevertheless, a possible pivot in the political realm may invigorate fossil fuels.At the beginning of last week, President Joe Biden shocked the nation – indeed the world – by announcing t ...
Pre Q2 Earnings: How Should You Play ConocoPhillips (COP)?
ZACKS· 2024-07-29 13:05
ConocoPhillips (COP) is set to report second-quarter 2024 results on Aug 1, 2024, before the opening bell.The Zacks Consensus Estimate for second-quarter earnings is pegged at $2.06 per share, implying growth of almost 12% from the year-ago reported number. The estimate was revised downward by six analysts in the past 30 days against one upward movement. The Zacks Consensus Estimate for quarterly revenues is currently pegged at $15.1 billion, suggesting an almost 17% uptick from the year-ago actuals. Image ...
3 Energy Stocks to Buy Now: Q3 Edition
Investor Place· 2024-07-22 13:15
The energy sector is one which is bound to grow over the next few years, meaning there are a good few energy stocks to buy now for the coming surge. We have tremendous needs, and these needs are only growing as we gain more and more electric technology. The influx of electronic vehicles, crypto-mining, and more powerful AI-based generative software has led to a spike in energy consumption.In fact, ChatGPT alone uses more than 17,000 times the energy usage of the average American home every day. We can see t ...
ConocoPhillips (COP) Pursues Arbitration Claim Against Venezuela
ZACKS· 2024-07-19 15:00
ConocoPhillips (COP) , a U.S.-based exploration and production company, has received the support of the High Court of Trinidad and Tobago regarding an arbitration claim worth $1.3 billion against Venezuela over its expropriated assets. The claim was originally made in late May 2024. The Trinidad and Tobago High Court has upheld its previous decision, which may potentially freeze the country’s payments to Venezuela over joint natural gas projects.The court ruling allows ConocoPhillips to enforce a $1.33 bill ...
Why the Market Dipped But ConocoPhillips (COP) Gained Today
ZACKS· 2024-07-18 23:21
The latest trading session saw ConocoPhillips (COP) ending at $116.61, denoting a +0.46% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.78% for the day. Meanwhile, the Dow experienced a drop of 1.29%, and the technology-dominated Nasdaq saw a decrease of 0.7%.Prior to today's trading, shares of the energy company had gained 6.1% over the past month. This has outpaced the Oils-Energy sector's loss of 7.83% and the S&P 500's gain of 2.14% in that time.Market ...
ConocoPhillips (COP) Receives Second FTC Request on Merger Deal
ZACKS· 2024-07-16 14:15
ConocoPhillips (COP) , a U.S.-based exploration and production player, has received a second request from the U.S. Federal Trade Commission (“FTC”) for further information on its proposed merger with Marathon Oil Corporation (MRO) . ConocoPhillips had announced the acquisition in May 2024 in an all-stock transaction worth $22.5 billion. Per COP’s statement, both companies received the FTC request and are jointly working with the regulatory body to review the details of the proposed merger.Marathon sharehold ...