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ConocoPhillips’s 1Q18 Earnings Touched a 3-Year High

Nicholas Chapman
Updated
ConocoPhillips’s 1Q18 Earnings Touched a 3-Year High

ConocoPhillips (COP) announced its 1Q18 earnings on April 26 before the market opened. ConocoPhillips beat the adjusted EPS (earnings per share) estimates by $0.23 in 1Q18. ConocoPhillips reported an adjusted EPS of $0.96, while Wall Street analysts expected an EPS of $0.73. On a YoY (year-over-year) basis, ConocoPhillips’ 1Q18 adjusted EPS is $1.10 higher compared to its adjusted EPS of -$0.14 in 1Q17. Sequentially, ConocoPhillips’s 1Q18 adjusted EPS is higher than $0.45 in 4Q17.

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