ConocoPhillips (COP) tops Q4 earnings estimates
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Roth/MKM Continues to like ConocoPhillips (COP)
February 8, 2024 2:18 PM ESTRoth/MKM analyst Leo Mariani reiterated a Buy rating and $122.00 price target on ConocoPhillips (NYSE: COP).
The analyst comments "We rate COP a Buy due to its strong balance sheet, diversified assets, lower base production declines, consistent production growth, and robust returns of... More
Oil producer ConocoPhillips beats profit views on higher output
February 8, 2024 7:09 AM ESTBy Sabrina Valle and Sourasis Bose
HOUSTON (Reuters) -U.S. oil and gas producer ConocoPhillips on Thursday beat Wall Street estimates for fourth-quarter profit, helped by higher production in the U.S. Permian Basin and a recent acquisition.
U.S. oil firms are reporting higher-than-expected oil production in the country's main shale basin, with Chevron Corp surprising analysts last week and Exxon Mobil also expanding its U.S. production.
The companies are benefiting from efficiency gains and lower inflation in services and equipment.
Conoco's pumping hours... More
ConocoPhillips (COP) Tops Q4 EPS by 30c; intiates outlook
February 8, 2024 7:04 AM ESTConocoPhillips (NYSE: COP) reported Q4 EPS of $2.40, $0.30 better than the analyst estimate of $2.10.
OUTLOOK
The companys 2024 total capital expenditure guidance is $11.0 to $11.5 billion.
The companys 2024 production guidance is 1.91 to 1.95 million barrels of oil equivalent per day (MMBOED). First-quarter 2024 production... More
Disney's "new era," AI lifts Arm, Alibaba's income miss - what's moving markets
February 8, 2024 5:35 AM ESTInvesting.com --Â Walt Disney 's chief executive says the entertainment titan has entered a "new era" after it reported higher-than-expected quarterly earnings. Surging demand for artificial intelligence leads Arm to lift its annual guidance, sending shares in both the chip designer and its major stakeholder SoftBank higher. E-commerce giant Alibaba 's fourth-quarter income misses estimates, as fresh data suggests that China's economic woes have yet to abate.
... MoreConocoPhillips (COP) February weekly option implied volatility into quarter results
February 7, 2024 10:02 AM ESTConocoPhillips (NYSE: COP) February weekly call option implied volatility is at 50, February is at 35; compared to its 52-week range of 21 to 47 into the expected release of quarter results before the bell on February 8.
... MoreConocoPhillips (COP) February weekly 111 straddle into quarter results
February 7, 2024 5:48 AM ESTConocoPhillips (NYSE: COP) February weekly 111 straddle priced for a move of 3% into the expected release of quarter results before the bell on February 8.
... More