ConocoPhillips (NYSE:COP) shares are trading higher after it reported fourth-quarter FY23 results.
Revenue of $15.307 billion missed the consensus of $15.942 billion, while adjusted EPS of $2.40 beat the consensus of $2.09.
Total production was 1,902 thousand barrels of oil equivalent per day (MBOED), an increase of 144 MBOED from the same period a year ago.
Lower 48 production averaged 1,086 MBOED, which includes 750 MBOED from the Permian, 211 MBOED from the Eagle Ford, and 110 MBOED from …
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