ConocoPhillips (COP) Tops Q4 EPS by 1c

ConocoPhillips (NYSE: COP) reported Q4 EPS of $0.45, $0.01 better than the analyst estimate of $0.44.

Outlook

Full-year 2018 production is expected to be 1,195 to 1,235 MBOED. This results in approximately 5 percent growth compared with full-year 2017 underlying production, which excludes disposition impacts of 191 MBOED. First-quarter 2018 production is expected to be 1,180 to 1,220 MBOED. Production guidance for 2018 excludes Libya.

Guidance for 2018 production and operating expenses and 2018 adjusted operating cost is $5.7 billion.

The company’s 2018 guidance for capital expenditures is $5.5 billion; corporate segment net expense is $1.2 billion or $1.0 billion adjusted corporate segment net expense; depreciation, depletion and amortization is $5.8 billion; and exploration dry hole and leasehold impairment expense is $0.2 billion.

For earnings history and earnings-related data on ConocoPhillips (COP) click here.

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