From Financial Modeling Prep: 2025-05-08 12:21:00

ConocoPhillips (NYSE:COP) exceeded first-quarter earnings expectations and reduced full-year spending plans, demonstrating strong operational discipline. Shares surged 5% following the news. Adjusted earnings per share were $2.09, beating estimates and showing a slight increase from the previous year. The company lowered its 2025 capital expenditures guidance and adjusted operating costs, signaling a commitment to financial prudence. CEO Ryan Lance highlighted the company’s solid balance sheet and diversified assets, positioning it well for future success.



Read more at Financial Modeling Prep:: ConocoPhillips Beats Q1 Estimates, Lowers Full-Yea…