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ConocoPhillips Ends 2020 on a High Note

TheMotleyFool

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ConocoPhillips (NYSE: COP) capped a very turbulent year in the oil market by reporting better-than-expected fourth-quarter results. While the oil producer posted an adjusted loss of roughly $200 million, or $0.19 per share, that was $0.06 per share ahead of analysts' expectations as its cost-cutting initiatives paid dividends. Meanwhile, it generated $1.67 billion of cash flow from operations, which, while down 44% year over year, topped the consensus estimate of $1.39 billion.

Here's a closer look at the quarter and what ConocoPhillips sees ahead for 2021.

Image source: Getty Images.

Source Fool.com

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