Friday, July 27, 2012

ConocoPhillips Reports Solid Yields, Concerning Production Declines

Prior to the market open on Wednesday, ConocoPhillips (COP) reported earnings that generally beat significantly reduced estimates. This earnings report was more interesting than normal since it was the first independent report since the company split from Phillips 66 (PSX).

Following completion of the split, ConocoPhillips claims to now be the world's largest independent exploration and production company, based on proved reserves and production of liquids and natural gas.

Read the full article at Seeking Alpha.


Disclosure: Long COP. Please review the disclaimer page for more details. 



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