Why ConocoPhillips Stock Slumped 11% in July

Why ConocoPhillips Stock Slumped 11% in July

Shares of ConocoPhillips (NYSE: COP) fell 11% in July, according to data provided by S&P Global Market Intelligence. The main issue was the oil company's weak second-quarter results. For the second quarter, ConocoPhillips reported an adjusted loss of $1 billion, or $0.92 per share, which was short of analyst forecasts by $0.34 per share.