ConocoPhillips (NYSE: COP ) reported better than expected third fiscal quarter earnings, but the company’s earnings picture nonetheless deteriorated, mainly due to lower average prices. The energy producer benefited from supportive price actions implemented by OPEC+ members in FY 2024 and theAnalyst’s Disclosure: I/we have a beneficial long position in the shares of XOM, CVX, COP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I a ...