Investing.com - ConocoPhillips (NYSE:COP) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ConocoPhillips announced earnings per share of $3.91 on revenue of $21.99B. Analysts polled by Investing.com anticipated EPS of $3.86 on revenue of $19.56B.
ConocoPhillips shares are up 26% from the beginning of the year and are trading at $93.45 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.82% from the start of the year.
ConocoPhillips shares gained 2.33% in pre-market trade the report.
ConocoPhillips follows other major Energy sector earnings this month
ConocoPhillips's report follows an earnings beat by Exxon Mobil on Friday, July 29, 2022, who reported EPS of $4.14 on revenue of $115.68B, compared to forecasts EPS of $3.84 on revenue of $111.3B.
Chevron had beat expectations on Friday, July 29, 2022 with second quarter EPS of $5.82 on revenue of $68.76B, compared to forecast for EPS of $5.08 on revenue of $58.66B.
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