ConocoPhilips (NYSE:COP) announced its earnings for the first quarter of the year this morning before the markets opened. The company’s earnings in the first three months were $2.02 per share. The company fell behind earnings estimates by 6 cents per share a result which will not please investors in a market where the company should be doing well. Analysts had projected that the company would earn $2.08 per share on revenue of 53.6 billion. In the same period last year the company took in $54.53 billion in revenue in the same period in 2011 and turned it into earnings of…
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