What's in Store for ConocoPhillips (COP) in Q4 Earnings?

ConocoPhillips (COP) is set to report fourth-quarter 2023 earnings on Feb 8, before the opening bell.In the last reported quarter, the company’s earnings of $2.16 per share beat the Zacks Consensus Estimate of $2.04 due to higher oil equivalent production volumes. COP’s earnings missed the Zacks Consensus Estimate in two of the trailing four quarters and beat the same twice, delivering an average surprise of 4.6%. This is depicted in the graph below.Estimate TrendThe Zacks Consensus Estimate for fourth-quar ...