ConocoPhillips (COP) Tops Q2 EPS by 16c
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ConocoPhillips Reports Second-Quarter 2017 Results and Significant Progress on Strategic, Financial and Operational Priorities
July 27, 2017 7:00 AM EDTHOUSTON--(BUSINESS WIRE)-- ConocoPhillips (NYSE: COP) today reported a second-quarter 2017 loss of $3.4 billion, or ($2.78) per share, compared with a second-quarter 2016 loss of $1.1 billion, or ($0.86) per share. Excluding special items, second-quarter 2017 adjusted earnings were $0.2 billion, or $0.14 per share, compared with a second-quarter 2016 adjusted loss of $1.0 billion, or ($0.79) per share. Special items for the current quarter were primarily driven by a non-cash impairment of APLNG, non-cash impairments from the previously announced San Juan and Barnett dispositions, and premiums on early debt retirement, partially offset by gains from the previously announced Canada disposition.
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