Earnings per share of ConocoPhillips have shown some rapid increase in the last two fiscals of 2006 and 2007. The reason behind this is the phenomenal increase in the oil prices throughout the world. Although the company has produced less, but the price hike has adjusted the deficit.
ConocoPhillips is a joint venture of Conoco Inc. and Phillips Petroleum. The company was established in 2002 and since then, it has been performing satisfactorily. With excellent performances along with favorable business environment, the company is increasing its revenues. At the same time, earnings per share of ConocoPhillips are also increasing steadily.
ConocoPhillips is one of the three major oil companies of United States of America. The production of the company is satisfactory but not meeting the set targets. Yet, because of the oil price hike, the company is increasing its profitability. In the fourth quarter of 2007, the company has made 37% growth in their revenues. The net income of ConocoPhillips has also shown signs of good growth. In the last quarter of 2006, the company had made $3.2 billion in net profits.
The amount has gone up to $4.37 billion in the last quarter of 2007.
The earnings per share of ConocoPhillips, in the last quarter of 2007 was $2.71 per share. At the same time, net income from other businesses has also increased by more than 1 billion.
Key Figures about the performance of ConocoPhillips Stocks:
|Per Share Price||US$ 74.13||US$ 64.77|
|Actual Earning Per Share||US$ 10.22||US$ 9.15||US$ 9.95|
|High||US$ 12.02||US$ 10.13||US$ 10.61|
|Low||US$ 6.78||US$ 8.83||US$ 9.43|
ConocoPhillips Yearly Revenues
|High||US$ 187 Billion||US$ 206 Billion||US$ 214 Billion|
|Low||US$ 187 Billion||US$ 206 Billion||US$ 174 Billion|
|Actual Revenue||US$ 187 Billion||US$ 194 Billion||US$ 184 Billion|