Categories AlphaGraphs, Earnings, Energy
COP Earnings: A snapshot of ConocoPhillips’ Q4 2022 results
Energy company ConocoPhillips (NYSE: COP) on Thursday reported a double-digit increase in earnings and revenues for the fourth quarter of 2022.
Net income, adjusted for special items, increased 19% year-over-year to $2.71 per share during the three-month period. The reported earnings were $2.61 per share, up 32%. Net income advanced 23% annually to $3.25 billion.
Driving the bottom-line growth, fourth-quarter revenues and other income rose 21% from last year to $19.26 billion. At 1,758 MBOED, total production was up 9%.
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