ConocoPhillips (COP) Reports In-Line Q3 EPS, Offers Outlook
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October 29, 2015 7:00 AM EDT
HOUSTON--(BUSINESS WIRE)--
ConocoPhillips (NYSE: COP) today reported a third-quarter 2015 net loss
of $1.1 billion, or ($0.87) per share, compared with third-quarter 2014
earnings of $2.7 billion, or $2.17 per share. Excluding special items,
third-quarter 2015 adjusted earnings were a net loss of $466 million, or
($0.38) per share, compared with third-quarter 2014 adjusted earnings of
$1.6 billion, or $1.29 per share. Special items for the current quarter
related primarily to the termination of a rig contract for a Gulf of
Mexico deepwater drillship, non-cash impairments, restructuring costs
and pension settlement expense.
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