Categories AlphaGraphs, Earnings, Energy
A visual dashboard of ConocoPhillips’ (COP) Q1 2020 earnings results
ConocoPhillips (NYSE: COP) swung to a loss in the first quarter of 2020 due to a change in Cenovus Energy equity market value, lower realized prices, and price-driven non-cash impairments. The oil and gas producer posted a loss of $1.7 billion or $1.60 per share compared to a profit of $1.8 billion or $1.60 per share in the prior-year quarter.
Revenue and other income totaled $4.8 billion, down 52% from the first quarter of 2019. On an adjusted basis, earnings slumped 55% to $0.45 per share.
[irp posts=”54454″]
Given the ongoing uncertainty, continued market volatility, and production curtailments over the coming months, the company suspended its fiscal 2020 guidance.
COP shares have retreated 36% since the beginning of this year.
Most Popular
Earnings Preview: UnitedHealth looks poised to end FY24 on a positive note
UnitedHealth Group (NYSE: UNH), a leading provider of health insurance and healthcare services, is expected to report fourth-quarter earnings next week. The company, a market leader in the nation's colossal
Mattel (MAT): A look at the toymaker’s evolving strategy and its opportunities
Shares of Mattel, Inc. (NASDAQ: MAT) stayed green on Wednesday. The stock has dropped 4% over the past month. Over the past few years, the toymaker has been focused on
AngioDynamics (ANGO) reports net loss for Q2 2025; sales drop 8%
AngioDynamics Inc. (NASDAQ: ANGO) reported a net loss for the second quarter of 2025 as the medical device company’s revenues decreased 8%. Net loss, excluding special items, was $0.04 per
Comments