ConocoPhillips rises on earnings beat and CEO transition
+1.50% to $116.76 from $115.04
What moved COP
- Second-quarter adjusted earnings of $3.24 per share beat the $2.89 consensus, on revenue of $19.52 billion, up 32.4% year-over-year.
- ConocoPhillips named finance chief Andy O’Brien as CEO, succeeding Ryan Lance.
- The company said it completed the sale of $1.7 billion of noncore Lower 48 assets in July.
Sources: GuruFocus · Investing.com