ConocoPhillips reports $3.4B loss, makes headway on goals

Houston-based ConocoPhillips’ net loss in the second quarter more than tripled its net loss the same time last year, but its adjusted net income beat analysts’ expectations.

And the energy giant (NYSE: COP) reiterated the significant headway it’s made on some major goals.

The net loss for the quarter was $3.4 billion, or $2.78 per share, compared to $1.1 billion, or 86 cents per share, a year earlier, according to a press release. Excluding special items, the adjusted net income for the quarter…

ConocoPhillips reports $3.4B loss, makes headway on goals syndicated post

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