ConocoPhillips: Driving the Knife

Citigroup’s Alastair Syme and Fernando Valle note that ConocoPhillips (COP) “continues to drive the knife further on operational costs,” helping it to beat earnings forecasts today. They explain: Bloomberg News ConocoPhillips reported 2Q adjusted net income of $0.07/share; slightly higher than consensus and Citi estimates…ConocoPhillips continues to drive the knife further on operational costs, increasing 2015 [...]
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