ConocoPhillips (COP) Tops Q2 Earnings Estimates

Core Viewpoint - ConocoPhillips reported quarterly earnings of $1.42 per share, exceeding the Zacks Consensus Estimate of $1.36 per share, but down from $1.98 per share a year ago, indicating a mixed performance in earnings despite a positive surprise [1][2]. Financial Performance - The company achieved revenues of $14.74 billion for the quarter ended June 2025, which was 1.25% below the Zacks Consensus Estimate, but an increase from $14.14 billion year-over-year [2]. - Over the last four quarters, ConocoPhillips has surpassed consensus EPS estimates four times and topped revenue estimates twice [2]. Stock Performance - ConocoPhillips shares have declined approximately 6.1% since the beginning of the year, contrasting with the S&P 500's gain of 7.9% [3]. - The current Zacks Rank for ConocoPhillips is 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6]. Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $1.52, with projected revenues of $15.36 billion, and for the current fiscal year, the EPS estimate is $6.45 on revenues of $62.29 billion [7]. - The trend of estimate revisions for ConocoPhillips was mixed prior to the earnings release, indicating potential volatility in future earnings expectations [6]. Industry Context - The Oil and Gas - Integrated - United States industry, to which ConocoPhillips belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, which may negatively impact stock performance [8].