ConocoPhillips (COP), founded in 1917 and headquartered in Houston, Texas, is one of the world’s largest independent exploration and production companies. With a market cap of $119.7 billion, ConocoPhillips specializes in crude oil, natural gas, and natural gas liquids production, operating across six continents. The company is set to release its fourth-quarter earnings before the market opens on Thursday, Feb. 6.
Ahead of the event, analysts expect ConocoPhillips to announce a profit of $1.86 per share, down 22.5% from $2.40 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS projections in three of the past four quarters while missing on one other occasion.
