ConocoPhillips’ Quarterly Earnings Preview: What You Need to Know

Core Insights - ConocoPhillips is one of the largest independent exploration and production companies globally, with a market cap of $110.9 billion and operations in 13 countries [1] Financial Performance - The company is expected to announce its Q3 earnings on November 6, with analysts predicting an adjusted EPS of $1.38, a 22.4% decrease from $1.78 in the same quarter last year [2] - For the full fiscal year 2025, adjusted EPS is projected to be $6.32, down 18.9% from $7.79 in 2024, with further decline expected in 2026 to $6.03 per share, a 4.6% year-over-year drop [2] - In Q2, ConocoPhillips reported a topline growth of 4.3% year-over-year to $14.7 billion, although it missed consensus estimates by 1.3% [5] Stock Performance - Over the past 52 weeks, COP stock has decreased by 19.5%, underperforming the Energy Select Sector SPDR Fund's 6.9% decline and the S&P 500 Index's 13.4% gain [3] - Following the release of mixed Q2 results, the stock experienced a slight dip [4] Analyst Sentiment - Despite recent challenges, analysts maintain a positive outlook on ConocoPhillips, with a consensus "Strong Buy" rating. Among 28 analysts, there are 18 "Strong Buys," five "Moderate Buys," and five "Holds" [6] - The mean price target for COP stock is $116.27, indicating a potential upside of 31.9% from current levels [6]