ConocoPhillips (COP) reported a profit for its second quarter that advanced from last year.
The company's earnings came in at $2.09 billion, or $1.55 per share. This compares with $0.26 billion, or $0.24 per share, in last year's second quarter.
Excluding items, ConocoPhillips reported adjusted earnings of $1.72 billion or $1.27 per share for the period.
Analysts had expected the company to earn $0.97 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
ConocoPhillips earnings at a glance:
-Earnings (Q2): $1.72 Bln. vs. -$0.99 Bln. last year.
-EPS (Q2): $1.27 vs. -$0.92 last year.
-Analysts Estimate: $0.97
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