- Associated Press - Tuesday, April 30, 2019

HOUSTON (AP) - ConocoPhillips (COP) on Tuesday reported first-quarter net income of $1.83 billion.

The Houston-based company said it had profit of $1.60 per share. Earnings, adjusted for non-recurring gains, were $1 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

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The energy company posted revenue of $10.06 billion in the period.

ConocoPhillips shares have risen slightly since the beginning of the year, while the Standard & Poor’s 500 index has increased 17%. The stock has fallen 3.5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COP at https://www.zacks.com/ap/COP

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