ConocoPhillips (COP) Tops Q1 EPS by 22c
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ConocoPhillips Reports First-Quarter 2018 Results; Strong Performance on Delivering Disciplined Plan
April 26, 2018 7:00 AM EDTHOUSTON--(BUSINESS WIRE)-- ConocoPhillips (NYSE: COP) today reported first-quarter 2018 earnings of $0.9 billion, or $0.75 per share, compared with first-quarter 2017 earnings of $0.6 billion, or $0.47 per share. Excluding special items, first-quarter 2018 adjusted earnings were $1.1 billion, or $0.96 per share, compared with a first-quarter 2017 adjusted loss of $0.2 billion, or ($0.14) per share. Special items for the current quarter were primarily driven by premiums on early debt retirement and unrealized losses on Cenovus Energy equity, partially offset by favorable outcomes from pending claims and settlements.
Summary
Achieved first-quarter production excluding Libya of 1,224 MBOED;... More