Earning Reports Of ConocoPhillips:

While seeing the latest quarterly earnings report of ConocoPhillips, you will see that the assets are declining and the profits have remained flat or constant. But if you will see the earnings reports carefully with a much closer look you will find that the earnings of the company in the United States were lowered by 48 while an increase of 15 percent was seen in Canada which while comparing to the previous year’s earning is double. At this time, when the decrease in earnings of ConocoPhillips was seen in United States, earnings were fallen even in the international segment.

However, in a short video segment of about 10 to 15 minutes, analyst of energy and materials Joel South and Fool contributor had talked on what does the news about ConocoPhillips earnings reports mean to the Devon Energy. In his statement the analyst Joel has explained that in future Devon Energy will surprise majority of people as the production of Natural Gas that is produced by Devon Energy goes up to 45 percent while that of ConocoPhillips is only 26 percent.

Mr. Joel further stated that Devon Energy has a fine position in Canada and Alberta where it produces heavy oil with tremendous balance sheet. However, on behalf of an analyst it cannot be said that Devon will really defeat ConocoPhillips, as it’s just an analyses. If we look throughout the stock charts of ConocoPhillips we can see a great progress made by it. ConocoPhillips, which from its stock symbol is known as COP, has still maintained the graph with a share price of 77.64.