ConocoPhillips (COP) Tops Q3 EPS by 18c
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ConocoPhillips Reports Third-Quarter 2018 Results; Disciplined, Returns-Focused Plan On Track
October 25, 2018 7:00 AM EDTHOUSTON--(BUSINESS WIRE)-- ConocoPhillips (NYSE: COP) today reported third-quarter 2018 earnings of $1.9 billion, or $1.59 per share, compared with third-quarter 2017 earnings of $0.4 billion, or $0.34 per share. Excluding special items, third-quarter 2018 adjusted earnings were $1.6 billion, or $1.36 per share, compared with third-quarter 2017 adjusted earnings of $0.2 billion, or $0.16 per share. Special items for the current quarter were primarily for amounts recognized from the PDVSA arbitration settlement, partially offset by unrealized losses on Cenovus Energy equity.
Third-Quarter Highlights and Recent Announcements
Cash provided by operating activities was $3.4 billion. Excluding working capital, cash from operations of... More