ConocoPhillips Reports Third-Quarter 2018 Results; Disciplined, Returns-Focused Plan On Track
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ConocoPhillips (COP) Tops Q3 EPS by 18c
October 25, 2018 7:11 AM EDTConocoPhillips (NYSE: COP) reported Q3 EPS of $1.36, $0.18 better than the analyst estimate of $1.18.
Cash provided by operating activities was $3.4 billion. Excluding working capital, cash from operations of $3.5 billion exceeded capital expenditures, dividends and share repurchases by $0.6 billion.Third-quarter production excluding Libya of 1,224 MBOED; year-over-year underlying production excluding the impact of closed dispositions grew 6 percent overall and 28 percent on a production per debt-adjusted share basis.Year-over-year production from the Lower 48 Big 3 unconventionals grew by 48 percent.During the quarter, achieved first production from Bohai Phase 3 and from the final phase... More