ConocoPhillips (COP) Tops Q3 EPS by 38c

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Go back to ConocoPhillips (COP) Tops Q3 EPS by 38c

ConocoPhillips Announces Third-Quarter 2021 Financial and Operational Results

November 2, 2021 7:00 AM EDT

HOUSTON--(BUSINESS WIRE)-- ConocoPhillips (NYSE: COP) today reported third-quarter 2021 earnings of $2.4 billion, or $1.78 per share, compared with a third-quarter 2020 loss of $0.5 billion, or ($0.42) per share. Excluding special items, third-quarter 2021 adjusted earnings were $2.4 billion, or $1.77 per share, compared with a third-quarter 2020 adjusted loss of $0.3 billion, or ($0.31) per share. Special items for the current quarter included a contingent payment from Cenovus associated with the 2017 Canadian disposition and a non-cash impairment credit, partially offset by a loss on asset sales and transaction and restructuring expenses.

This third quarter was very significant for ConocoPhillips, said Ryan Lance,... More