What to Watch When ConocoPhillips Reports Its Q2 Results
ConocoPhillips (NYSE: COP) has been having a better year than its stock price performance suggests. While shares of the upstream oil and gas company have fallen 6% even though oil is up about 15%, it delivered exceptional operating results in the first quarter. Not only did the company's production come in above the midpoint of its guidance range, but earnings also beat analysts' expectations.
Investors will get their next data point on the company's operating performance later this week when it reports its second-quarter results. Here are a few things to keep an eye on when ConocoPhillips releases those numbers.
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