ConocoPhillips Reports Third-Quarter 2015 Results; Accelerating Capital and Operating Cost Reductions

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ConocoPhillips (COP) Reports In-Line Q3 EPS, Offers Outlook

October 29, 2015 8:06 AM EDT

ConocoPhillips (NYSE: COP) reported Q3 EPS of ($0.38), in-line with the analyst estimate of ($0.38).

Outlook

Fourth-quarter production guidance is 1,585 to 1,625 MBOED. Full-year 2015 production guidance is 1,585 to 1,595 MBOED, resulting in expected year-over-year growth of 3 to 4 percent from continuing operations, excluding Libya.

The company has further reduced its... More