Earned $6.3 billion in 2018
The country’s largest independent E&P announced fourth quarter results today as ConocoPhillips (stock ticker: COP) ($COP) showed earnings of $1.9 billion, or $1.61 per share. The company earned a total of $6.3 billion in 2018, or $5.32 per share.

Conoco has been firing on all cylinders since mid-2017, and has reported six straight quarters of profits, the first time the company has achieved this since Q3 2014. 2018 also represents the first yearly profit Conoco reported since 2014, as its 2017 results were hampered by a major impairment.

Conoco reports it now holds 5.3 billion BOE of reserves, up from 5.0 billion BOE last year. The company replaced 147% of production, with oil accounting for over 90% o...


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