ConocoPhillips reports 4th-quarter loss of $39 million

MarketsAssociated Press

ConocoPhillips (COP) on Thursday reported a fourth-quarter loss of $39 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Houston-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 60 cents per share.

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The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The energy company posted revenue of $11.85 billion in the period.

ConocoPhillips shares have decreased slightly more than 9 percent since the beginning of the year, while the Standard & Poor's 500 index has declined roughly 3 percent. The stock has declined 5.5 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on COP at


Keywords: ConocoPhillips, Earnings Report