Houston, TX-based ConocoPhillips (COP) is a major global exploration and production (E&P) company with operations and activities in 21 countries that include the U.S., Canada, UK/Norway, China, Australia, offshore Timor-Leste, Indonesia, Libya, Nigeria, Algeria, Russia and Qatar.Currently, ConocoPhillips has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2017 report which has just released.
We have highlighted some of the key details from the just-released quarterly announcement below:Earnings: Loss per share excluding special items came in at 2 cents that compared unfavourably with the Zacks Consensus Estimate of 1 cent.Revenue: Revenues of $7,771 million beat the Zacks Consensus Estimate of $7,473 million.Key Stats: Production from continuing operations excluding Libya averaged 1,584 million barrels of oil equivalent (MMBOE) in the quarter as against 1,590 MMBOE in the year-ago quarter.
Average realized price for oil was $50.97 per barrel compared with $31.47 in the year-earlier quarter.
The price of natural gas was $3.84 per thousand cubic feet compared with $2.99 in first-quarter 2016.
Submarines - which don't go to a depth anywhere near as great as these 'mole nukes' would be at - have to raise their periscope antenna or reel out their floating antenna in order to communicate with the outside world.