COP: Earns $2.02; Misses Forecast of $2.08

Link here.

Sales at the company topped expectations. The company reported top line results of $56.1 billion, ahead of consensus for $53.6 billion. This is not trivial.

If I remember correctly, some years ago COP spent a bundle buying natural gas assets in the Far East at $6.00 when it is now selling for less than $2.00.

XOM, of course, continues to push forward on natural gas production. A story in the WSJ (no link) suggests that XOM will announce a dividend increase higher than their usual annual announcement.