Previous close | 5.71 |
Open | 5.90 |
Bid | 5.00 |
Ask | 5.15 |
Strike | 130.00 |
Expiry date | 2024-09-20 |
Day's range | 5.50 - 5.90 |
Contract range | N/A |
Volume | |
Open interest | 1.09k |
Insight into ConocoPhillips' Financial Performance and Strategic Execution
ConocoPhillips (COP) delivered earnings and revenue surprises of 2.01% and 1.67%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset higher oil production volumes. A milder-than-expected winter hurt demand for the heating fuel in the quarter and pulled down U.S. natural gas prices to a three-and-a-half-year low in February, also affecting earnings of U.S. oil majors Exxon Mobil and Chevron. ConocoPhillips' total average realized price fell 7% to $56.60 per barrel of oil equivalent (boe) in the first quarter, from $60.86 per boe a year earlier.