Loading...
•
Sep 30, 2020
ConocoPhillips Q3 2020 Earnings Report
ConocoPhillips reported a loss for Q3 2020 due to lower realized prices and volumes.
Key Takeaways
ConocoPhillips reported a net loss of $0.5 billion, or ($0.42) per share, in the third quarter of 2020, compared to earnings of $3.1 billion, or $2.74 per share, in the third quarter of 2019. Adjusted earnings were a loss of $0.3 billion, or ($0.31) per share, compared to adjusted earnings of $0.9 billion, or $0.82 per share, in the third quarter of 2019. Production excluding Libya was 1,066 MBOED.
Reported a third-quarter 2020 loss of $0.5 billion, or ($0.42) per share.
Adjusted earnings were a loss of $0.3 billion, or ($0.31) per share.
Produced 1,066 MBOED excluding Libya; curtailed approximately 90 MBOED.
Ended the quarter with $6.8 billion in ending cash and short-term investments.
Forward Guidance
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. Operating plan capital for 2020 is expected to be $4.3 billion.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...