ConocoPhillips (COP) Q4 Earnings Beat on Higher Oil Volumes

ConocoPhillips (COP) reported fourth-quarter 2023 adjusted earnings per share of $2.40, beating the Zacks Consensus Estimate of $2.08. The bottom line, however, declined from the prior-year quarter’s $2.71 per share.One of the world’s leading independent oil and gas producers headquartered in Houston, TX, ConocoPhillips’ quarterly revenues of $15.3 billion decreased from the fourth-quarter 2022 figure of $19.3 billion. The top line, however, beat the Zacks Consensus Estimate of $14.5 billion.Higher oil equi ...