The backtest results show that COP's stock has a modestly positive average return of 2.45% over 30 days following earnings beats, with a 58.33% win rate in that period. Shorter-term returns and win rates are weaker, indicating limited immediate upside. This suggests that while the stock may not react strongly in the short term, there is a moderate positive trend over a month after earnings beats. Investors might consider a longer holding period post-earnings beat to capture potential gains in COP.

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The backtest results show that COP had a 100% win rate over 3 days with a modest 0.42% return following earnings misses, but the 10-day and 30-day win rates dropped to 50%, with a slight negative return of -1.02% at 30 days. This indicates a short-term positive price reaction that fades quickly, leading to mixed medium-term performance. Investors should consider the initial resilience in COP's stock price post-earnings miss but remain cautious about holding beyond the short term due to uncertain longer-term outcomes.

The backtest results show that earnings beats in the Oil, Gas & Consumable Fuels Industry produced no significant impact, with a maximum return of only 0.89% occurring 46 days after the event. This indicates that positive earnings surprises in this sector do not translate into meaningful price movements over the tested period.

The lack of notable response suggests that other factors may dominate stock performance in this industry, reducing the predictive value of earnings beats alone.

Investors should be cautious about relying solely on earnings beats as a signal for trading opportunities in this sector.

The backtest results show that earnings misses in the Oil, Gas & Consumable Fuels industry have no significant impact on the sector's stock returns, with a maximum return of only 1.67% observed 49 days after the event. This indicates that the market does not strongly react to earnings misses within this industry over the tested period.

The lack of notable price movement suggests that other factors may dominate investor sentiment in this sector, reducing the relevance of earnings misses as a trading signal.

Investors might consider deprioritizing earnings misses when making decisions related to this industry.

The backtest results show that ConocoPhillips' earnings beat positively impacts the Metals and Mining industry while negatively affecting the Food Products sector. This divergence reflects stronger energy sector fundamentals boosting resource extraction activities, benefiting Metals and Mining. Meanwhile, increased energy costs and economic shifts weigh on consumer staples, leading to a bearish effect on Food Products. Investors should consider the sector-specific consequences of energy earnings surprises, favoring Metals and Mining exposure while being cautious on Food Products during such events.

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The backtest reveals that ConocoPhillips missing earnings led to a negative impact on the overall market, reflecting broad investor risk aversion. Conversely, the Energy Equipment and Services industry showed a positive response, likely due to anticipated cost-cutting and equipment upgrades following the earnings miss. This divergence highlights sector-specific dynamics where weakness in oil production profitability can create opportunities in related industries.

The results suggest that while the market reacts negatively to earnings misses, certain sectors may benefit from the operational adjustments that follow.

Investors might consider focusing on Energy Equipment and Services as a defensive play when major oil producers report disappointing earnings.

Backtest COP Earnings Report Release

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