ConocoPhillips: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 07:34 AM ET
Last Updated - Jun 21, 2023, 10:56 PM EDT
HOUSTON (AP) — HOUSTON (AP) — ConocoPhillips (COP) on Thursday reported first-quarter profit of $2.92 billion.
The Houston-based company said it had net income of $2.38 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.02 per share.
The energy company posted revenue of $15.52 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $15.31 billion.
