ConocoPhillips Earnings, Revenue Miss in Q4

Investing.com – ConocoPhillips (NYSE:) reported on Tuesday fourth quarter that missed analysts’ forecasts and revenue that fell short of expectations.

ConocoPhillips announced earnings per share of $0.76 on revenue of $8.14B. Analysts polled by Investing.com anticipated EPS of $0.8 on revenue of $8.16B. That with comparison to EPS of $1.13 on revenue of $10.36B in the same period a year before. ConocoPhillips had reported EPS of $0.82 on revenue of $10.09B in the previous quarter. Analysts are expecting EPS of $0.93 and revenue of $8.12B in the upcoming quarter.

ConocoPhillips shares are down 9% from the beginning of the year , still down 16.66% from its 52 week high of $71.01 set on February 22, 2019. They are under-performing the which is up 0.13% year to date.

ConocoPhillips follows other major Energy sector earnings this month

ConocoPhillips’s report follows an earnings missed by Exxon Mobil on Friday, who reported EPS of $0.41 on revenue of $67.17B, compared to forecasts EPS of $0.43 on revenue of $64.58B.

Royal Dutch Shell B ADR had missed expectations on Thursday with fourth quarter EPS of $0.74 on revenue of $84.01B, compared to forecast for EPS of $0.81 on revenue of $81.73B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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