ConocoPhillips (COP) Q1 Earnings and Revenues Beat Estimates

Core Viewpoint - ConocoPhillips reported quarterly earnings of $2.09 per share, exceeding the Zacks Consensus Estimate of$ 2.06 per share, and showing an increase from $2.03 per share a year ago, indicating a positive earnings surprise of 1.46% [1] Financial Performance - The company achieved revenues of$ 17.1 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.37%, and reflecting a year-over-year increase from $14.48 billion [2] - Over the last four quarters, ConocoPhillips has exceeded consensus EPS estimates three times and topped revenue estimates twice [2] Stock Performance and Outlook - ConocoPhillips shares have declined approximately 11.6% since the beginning of the year, compared to a 4.3% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is$ 1.57 on revenues of $15.23 billion, and for the current fiscal year, it is$ 6.63 on revenues of $62.73 billion [7] Industry Context - The Oil and Gas - Integrated - United States industry is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]