ConocoPhillips (NYSE:COP) EPS Estimates Adjusted on Chemical Earnings from Chevron (NSYE:CVX) Venture

EPS estimates for ConocoPhillips (NYSE:COP) were adjusted by Barclays (NYSE:BCS), based on the chemical earnings from the venture with Chevron (NYSE:CVX).

Barclays says, "We are fine-tuning our EPS estimates for ConocoPhillips following our revision of the chemical earnings from the 50/50/ joint venture between Chevron (NYSE:CVX) and COP. We lower our 4Q10 EPS estimates for COP to $1.32 from $1.33. We keep our 2010 and 2011 EPS estimate unchanged at $5.95 and $6.55, respectively."

Barclays maintains an "Equalweight" rating on ConocoPhillips, which was trading at $67.15, down $1.54, or 2.24 percent, as of 2:26 PM EST. Barclays has a price target of $75 on the Conoco.