ConocoPhillips (COP) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - ConocoPhillips reported revenue of $14.74 billion for the quarter ended June 2025, reflecting a 4.3% increase year-over-year, but fell short of the Zacks Consensus Estimate by 1.25% [1] - The company's EPS was $1.42, down from $1.98 in the same quarter last year, but exceeded the consensus estimate of $1.36 by 4.41% [1] Financial Performance - Total production per day was 2,391 million barrels of oil equivalent, surpassing the eight-analyst average estimate of 2,362.71 million barrels [4] - Natural gas production was 4,005 million cubic feet per day, exceeding the seven-analyst average estimate of 3,985.42 million cubic feet [4] - Crude oil production was 1,155 million barrels per day, slightly above the six-analyst average estimate of 1,153.05 million barrels [4] - Sales and other operating revenues were reported at $14 billion, lower than the five-analyst average estimate of $14.68 billion, but showed a year-over-year increase of 2.8% [4] - Equity in earnings of affiliates was $315 million, exceeding the four-analyst average estimate of $259.2 million, but represented a year-over-year decline of 21.8% [4] Market Performance - ConocoPhillips shares returned -1.5% over the past month, while the Zacks S&P 500 composite increased by 1.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]