Houston, TX-based ConocoPhillips (COP - Analyst Report) is a major global exploration and production (E&P) company with operations and activities in 25 countries that include the U.S., Canada, UK/Norway, China, Australia, offshore Timor-Leste, Indonesia, Libya, Nigeria, Algeria, Russia and Qatar.
Currently, ConocoPhillips has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter 2015 report which has just released. We have highlighted some of the key details from the just-released quarterly announcement below:
Earnings: Loss per share excluding special items came in at 90 cents, missing the Zacks Consensus Estimate of 64 cents loss per share.
Revenue: Revenues of $6,766 million failed to beat the Zacks Consensus Estimate of $8,173 million.
Key Stats: Total production, from continuing operations, during the fourth-quarter 2015 came at 1,599 thousand barrels of oil equivalent per day (MBOE/D), up from 1,589 MBOE/D in the year ago quarter period. The company’s total realized price was $28.54 per barrel of oil equivalent (BOE), compared with $52.88 per BOE in the fourth quarter of 2014, reflecting lower average realized prices across all commodities.
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