9:30 am ConocoPhillips Trades Lower Following Earnings
Texas-based independent oil and gas play ConocoPhillips (COP 70.73) is trading 1.2%, just below $70/share, after reporting its third quarter earnings results this morning.
ConocoPhillips is the world's largest independent exploration and production (E&P) company based on proved reserves and production of liquids and natural gas. Last quarter, the company's production mix was 43% natural gas, 38% crude oil, 11% natural gas liquids, 8% bitumen.
The company reported earnings of $1.29/share in its third quarter, excluding …More