ConocoPhillips earning estimates report april 23 2012

ConocoPhillips earning estimates report april 23 2012, ConocoPhillips (NYSE:COP): The oil giant is scheduled to report earnings Monday April 23rd before the market opens. According to MarketWatch, analysts are looking for a solid EPS of $2.08 on revenue of $53.6 billion. Big earnings are to be expected for ConocoPhillips and the rest of the oil industry after we have seen $100+ oil for quite a few months now.

ConocoPhillips should be able to continue posting these kinds of results as long as we see oil above or at $100 a barrel. The Iranian “war of words” does not seem to be making any progress towards a solution so as the main driver of higher oil right now, we could be seeing these prices well into the summer months.

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