HOUSTON (dpa-AFX) - ConocoPhillips (COP) reported earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $2.306 billion, or $1.90 per share. This compares with $3.007 billion, or $2.52 per share, last year.
Excluding items, ConocoPhillips reported adjusted earnings of $2.405 billion or $1.98 per share for the period.
Analysts on average had expected the company to earn $1.83 per share. Analysts' estimates typically exclude special items.
ConocoPhillips earnings at a glance (GAAP) :
-Earnings: $2.306 Bln. vs. $3.007 Bln. last year. -EPS: $1.90 vs. $2.52 last year.
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