Investing.com - ConocoPhillips (NYSE:COP) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.36 on revenue of $10.17B. Analysts polled by Investing.com expected EPS of $1.18 on revenue of $9.57B. That compared to EPS of $0.45 on revenue of $6.74B in the same period a year earlier. The company had reported EPS of $1.09 on revenue of $9.24B in the previous quarter.
For the year, ConocoPhillips shares are up 19.24%, outperforming the S&P 500 which is down 1.03% year to date.
ConocoPhillips follows other major Energy sector earnings this month
On Thursday, Equinor ADR reported third quarter EPS of $0.5 on revenue of $19.14B, compared to forecasts of EPS of $0.51 on revenue of $19.36B.
Schlumberger earnings beat analyst's expectations on Friday, October 19, 2018, with third quarter EPS of $0.46 on revenue of $8.5B. Investing.com analysts expected EPS of $0.45 on revenue of $8.6B
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