ConocoPhillips on Thursday reported a fourth-quarter loss of $39 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Houston-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 60 cents per share.
The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The energy company posted revenue of $11.85 billion in the period.
For the year, the company reported profit of $6.87 billion, or $5.51 per share. Revenue was reported as $55.52 billion.
ConocoPhillips shares have fallen slightly more than 9 percent since the beginning of the year, while the Standard & Poor's 500 index has declined nearly 3 percent. The stock has dropped 5.5 percent in the last 12 months.