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ConocoPhillips: Q1 Earnings Snapshot

May 5, 2022 GMT

HOUSTON (AP) _ ConocoPhillips (COP) on Thursday reported first-quarter net income of $5.76 billion.

The Houston-based company said it had net income of $4.39 per share. Earnings, adjusted for non-recurring gains, were $3.27 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.24 per share.

The energy company posted revenue of $19.29 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $16.45 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COP at https://www.zacks.com/ap/COP