ConocoPhillips (COP) Soars 4.09% on Strong Q1 Earnings

On May 12, 2025, ConocoPhillips shares surged by 4.09% in pre-market trading, reflecting a strong start to the day's trading session.

ConocoPhillips reported better-than-expected Q1 adjusted earnings, driven by robust production, particularly in the Eagle Ford shale. The company's revenue for the quarter was $16.18 billion, surpassing the consensus estimate of $15.74 billion. This strong financial performance was further supported by a return on equity of 17.26%.

ConocoPhillips produced an average of nearly 2.4 million barrels of oil equivalent (BOE) per day during the first quarter, marking an increase of 487,000 BOE. This significant production boost is likely to have contributed to the positive market sentiment surrounding the stock.