ConocoPhillips beats by $0.08 (49.96)
- Reports Q3 (Sep) earnings of $0.16 per share, $0.08 better than the Capital IQ Consensus of $0.08.
- Achieved third-quarter production excluding Libya of 1,202 MBOED; 1.4 percent year-over-year underlying production growth excluding the impact of closed or signed dispositions; underlying production grew 19 percent on a production per debt-adjusted share basis.
- Guidance: Fourth-quarter and full-year 2017 production is expected to be 1,195 to 1,235 MBOED and 1,350 to 1,360 MBOED, respectively. This excludes Libya and reflects expected impacts from the Barnett disposition. Full-year guidance for capital expenditures has been lowered to $4.5 billion. The company's other guidance items remain unchanged.