HOUSTON (AP) — HOUSTON (AP) — ConocoPhillips (COP) on Thursday reported fourth-quarter profit of $1.44 billion.
The Houston-based company said it had net income of $1.17 per share. Earnings, adjusted for non-recurring gains, came to $1.02 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
For the year, the company reported profit of $7.99 billion, or $6.35 per share.
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