Energy exploration company ConocoPhillips (NYSE: COP) on Thursday reported a decline in profit and revenues for the first quarter of 2023.
Net income, adjusted for special items, decreased 27% year-over-year to $2.38 per share during the three-month period. Reported profit was also $2.38 per share, down 46%. Net income plunged 49% annually to $2.92 billion.
The bottom line was negatively impacted by a 20% fall in revenues and other income $15.52 billion. At 1,792 MBOED, total production was up 3%.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion