5 Must-See Numbers From ConocoPhillips' Q2 Report

On the surface it would seem as though ConocoPhillips (NYSE: COP) reported an atrocious second quarter, given that its net loss ballooned to $3.4 billion, up from a loss of $1.1 billion in the year-ago quarter. However, that result was primarily due to a string of one-time non-cash charges relating to recent asset sales, which it only partially offset by recording a gain on the sale of some of its Canadian assets to Cenovus Energy (NYSE: CVE).

Those one-time items mask the fact that ConocoPhillips actually reported surprisingly strong results before the markets opened on Thursday. That's because, after adjusting for those nonrecurring events, the oil giant turned in an unexpected profit of $178 million, or $0.14 per share, which was well ahead of the per-share loss of $0.02 that analysts were expecting. Here's a closer look at five equally impressive numbers from that report that you won't want to miss. 

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Source: Fool.com