8-KEarnings & ResultsExhibits & Filings

CONOCOPHILLIPS 8-K Report, Financial Results (Oct 25, 2006)

Filed October 25, 2006For Securities:COP

Summary

This 8-K filing from ConocoPhillips, dated October 25, 2006, announces the company's financial and operating results for the third quarter ended September 30, 2006. The primary purpose of this filing is to furnish the press release and accompanying financial and operational data that detail the company's performance during the period. Investors should note that the company is presenting a non-GAAP financial measure, 'effective tax rate,' which management believes offers a clearer view of ongoing operations by excluding specific one-time charges and benefits related to tax legislation in the UK, Canada, and Texas. While specific financial figures are not detailed within this 8-K itself, the filing serves as the official channel for disseminating these crucial quarterly results. The provided exhibits (99.1, 99.2, and 99.3) contain the detailed financial statements, operational highlights, and supplemental information necessary for investors to assess ConocoPhillips' performance and make informed investment decisions. The inclusion of a non-GAAP measure signals a management perspective focused on normalized earnings power, which is important context for analyzing trends and comparing performance across periods.

Key Highlights

  • 1ConocoPhillips filed an 8-K on October 25, 2006, to report its third-quarter 2006 financial and operating results.
  • 2The filing primarily incorporates by reference a press release (Exhibit 99.1) detailing these results.
  • 3Additional financial and operational tables (Exhibit 99.2) and supplemental financial information (Exhibit 99.3) are also included.
  • 4The company is presenting a non-GAAP measure: 'effective tax rate'.
  • 5Management considers this non-GAAP 'effective tax rate' a better indicator of ongoing performance than the GAAP rate.
  • 6The non-GAAP rate excludes a specific charge related to UK tax legislation in Q3 2006 and a favorable impact from Canadian and Texas tax legislation changes in Q2 2006.
  • 7The filing provides essential information for investors to evaluate the company's performance during the quarter ended September 30, 2006.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report ConocoPhillips' financial and operating results for the third quarter of 2006, which ended on September 30, 2006. It incorporates by reference the press release and other supporting financial documents that contain these results.

The 'effective tax rate' is a non-GAAP financial measure presented by ConocoPhillips. Management believes it provides a more useful indicator of the company's ongoing tax performance. It is calculated by excluding specific, non-recurring items like a charge from UK tax legislation in the third quarter of 2006 and a favorable impact from tax legislation changes in Canada and Texas in the second quarter of 2006.

The detailed financial and operating results are not included directly within the 8-K text itself. Instead, they are provided as exhibits: Exhibit 99.1 (press release), Exhibit 99.2 (financial and operational tables), and Exhibit 99.3 (supplemental financial information). These exhibits are incorporated by reference into the 8-K filing.

This specific 8-K document primarily announces the release of the quarterly results and directs investors to the attached exhibits for details. While the 8-K itself doesn't contain the specific revenue, net income, or earnings per share figures, the referenced exhibits (99.1, 99.2, 99.3) would contain this information, along with operational data and the calculation of the effective tax rate.