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Mar 31, 2020
ConocoPhillips Q1 2020 Earnings Report
ConocoPhillips reported a loss and adjusted earnings decreased due to lower realized prices and volumes.
Key Takeaways
ConocoPhillips reported a first-quarter 2020 loss of $1.7 billion, or ($1.60) per share, compared with first-quarter 2019 earnings of $1.8 billion, or $1.60 per share. Excluding special items, first-quarter 2020 adjusted earnings were $0.5 billion, or $0.45 per share, compared with first-quarter 2019 adjusted earnings of $1.1 billion, or $1.00 per share.
Loss of $1.7 billion, or ($1.60) per share
Adjusted earnings of $0.5 billion, or $0.45 per share
Cash from operations (CFO) was $1.6 billion
First-quarter production, excluding Libya, of 1,278 MBOED
Forward Guidance
Given ongoing uncertainty, continued market volatility, and production curtailments over the coming months, the company recently announced that its original 2020 guidance items should not be relied upon and that further guidance has been temporarily suspended.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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