Conocophillips posts 90% rise in profit on higher prices, output

FAN Editor
FILE PHOTO: The logo for ConocoPhillips is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The logo for ConocoPhillips is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid

August 3, 2021

(Reuters) – Conocophillips on Tuesday posted a second-quarter profit that nearly doubled from the first, helped by higher oil and gas prices and production.

Adjusted earnings rose to $1.72 billion, or $1.27 per share, in the second quarter, from $902 million, or 69 cents per share, in the first.

(Reporting by Arathy S Nair in Bengaluru; Editing by Krishna Chandra Eluri)

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