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ConocoPhillips Reports Fourth-Quarter and Full-Year 2013 Results; 2013 Organic Reserve Replacement Ratio of 179 Percent

ConocoPhillips (NYSE: COP) today reported fourth-quarter 2013 earnings of $2.5 billion, or $2.00 per share, compared with fourth-quarter 2012 earnings of $1.4 billion, or $1.16 per share. 

ConocoPhillips Reports Fourth-Quarter and Full-Year 2013 Results; 2013 Organic Reserve Replacement Ratio of 179 Percent ConocoPhillips Reports Fourth-Quarter and Full-Year 2013 Results; 2013 Organic Reserve Replacement Ratio of 179 Percent

ConocoPhillips (NYSE: COP) today reported fourth-quarter 2013 earnings of $2.5 billion, or $2.00 per share, compared with fourth-quarter 2012 earnings of $1.4 billion, or $1.16 per share.

Excluding special items, fourth-quarter 2013 adjusted earnings were $1.7 billion, or $1.40 per share, compared with fourth-quarter 2012 adjusted earnings of $1.8 billion, or $1.43 per share. Special items for the current quarter primarily related to discontinued operations as a result of a gain from the sale of the Algeria business, partially offset by asset impairments in Canada and the U.K.

 

Full-year 2013 earnings were $9.2 billion, or $7.38 per share, compared with full-year 2012 earnings of $8.4 billion, or $6.72 per share. Reported earnings for 2012 included $1.2 billion from downstream operations prior to the separation of Phillips 66 on April 30, 2012. Full-year 2013 adjusted earnings were $7.1 billion, or $5.70 per share, compared with full-year 2012 adjusted earnings of $6.7 billion, or $5.37 per share.

Source : Neftegaz.RU