Investing.com – ConocoPhillips (NYSE:) reported on Tuesday fourth quarter that missed analysts’ forecasts and revenue that fell short of expectations.
ConocoPhillips announced earnings per share of $0.76 on revenue of $8.14B. Analysts polled by Investing.com anticipated EPS of $0.8 on revenue of $8.16B. That with comparison to EPS of $1.13 on revenue of $10.36B in the same period a year before. ConocoPhillips had reported EPS of $0.82 on revenue of $10.09B in the previous quarter. Analysts are expecting EPS of $0.93 and revenue of $8.12B in the upcoming quarter.
ConocoPhillips shares are down 9% from the beginning of the year , still down 16.66% from its 52 week high of $71.01 set on February 22, 2019. They are under-performing the which is up 0.13% year to date.
ConocoPhillips follows other major Energy sector earnings this month
ConocoPhillips’s report follows an earnings missed by Exxon Mobil on Friday, who reported EPS of $0.41 on revenue of $67.17B, compared to forecasts EPS of $0.43 on revenue of $64.58B.
Royal Dutch Shell B ADR had missed expectations on Thursday with fourth quarter EPS of $0.74 on revenue of $84.01B, compared to forecast for EPS of $0.81 on revenue of $81.73B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.