ConocoPhillips (COP) Misses Q3 EPS by 3c

ConocoPhillips (NYSE: COP) reported Q3 EPS of ($0.31), $0.03 worse than the analyst estimate of ($0.28).

Outlook

Fourth-quarter 2020 production is expected to be 1,125 to 1,165 MBOED, resulting in full-year 2020 production guidance of 1,115 to 1,125 MBOED. This guidance excludes Libya.

Operating plan capital for 2020 is expected to be $4.3 billion. This guidance excludes approximately $0.5 billion for opportunistic acquisitions completed during the year.

Following the recently announced acquisition of Concho Resources, the company is standing up an integration planning team in anticipation of a closing date in the first quarter of 2021.

For earnings history and earnings-related data on ConocoPhillips (COP) click here.

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