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ConocoPhillips beat earnings estimates in Q4 due to higher oil prices and strong production, boosting its stock and reaffirming full-year guidance.
ConocoPhillips (COP) reported stronger-than-expected fourth-quarter earnings driven by higher oil prices and robust production, surpassing analyst forecasts.
The company’s stock responded positively, rising over 5% in after-hours trading.
Despite a challenging macroeconomic environment, COP maintained strong cash flow and continued its commitment to shareholder returns through dividends and buybacks.
The energy giant reaffirmed its full-year guidance, signaling confidence in sustained performance.
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ConocoPhillips superó las estimaciones de ganancias en el cuarto trimestre debido al aumento de los precios del petróleo y la fuerte producción, impulsando sus existencias y reafirmando la orientación para todo el año.