ConocoPhillips (NYSE:COP) will release earnings results for the first quarter, before the opening bell on Thursday, May 8. Analysts expect the Houston-based company to report quarterly earnings at $2.05 per share, up from $2.03 per share in the year-ago period. ConocoPhillips projects to report quarterly revenue at $15.91 billion, compared to $14.48 billion a year earlier, according to data from Benzinga Pro. On April 29, Bank of America Securities analyst Kalei Akamine downgraded the rating for