ConocoPhillips (COP) Misses Q2 EPS by 34c

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Go back to ConocoPhillips (COP) Misses Q2 EPS by 34c

ConocoPhillips Reports Second-Quarter 2020 Results

July 30, 2020 7:00 AM EDT

HOUSTON--(BUSINESS WIRE)-- ConocoPhillips (NYSE: COP) today reported second-quarter 2020 earnings of $0.3 billion, or $0.24 per share, compared with second-quarter 2019 earnings of $1.6 billion, or $1.40 per share. Excluding special items, second-quarter 2020 adjusted earnings were a loss of $1.0 billion, or ($0.92) per share, compared with second-quarter 2019 adjusted earnings of $1.1 billion, or $1.01 per share. Special items for the current quarter were primarily due to a realized gain on the completion of the Australia-West divestiture and an unrealized gain on Cenovus Energy equity. Cash provided by operating activities was $0.2 billion. Excluding working capital, cash from operations (CFO) was $0.7 billion.

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