More on ConocoPhillips (COP): Q4 EPS beat by a penny as an overall increase in production Y/Y...

|About: ConocoPhillips (COP)|By:, SA News Editor

More on ConocoPhillips (COP): Q4 EPS beat by a penny as an overall increase in production Y/Y managed to offset margin pressures to its bottom line. Net earnings cratered 58%, as commodity prices fell and the company was hit by lower average realized prices for oil and natural gas, falling 2.7% and 1.5%, respectively. Production from continuing operations edged up 1.8%, primarily due to new production from major projects and drilling programs, as well as higher production in Libya and China. Shares -0.9% AH.