ConocoPhillips quarterly profit up on asset sale
Reuters
Published Oct 30, 2014 07:15AM ET
ConocoPhillips quarterly profit up on asset sale
(Reuters) - ConocoPhillips, the largest U.S. independent oil company, on Thursday reported a higher third-quarter profit as results were lifted by the sale of its Nigerian business.
Profit was $2.7 billion, or $2.17 per share, compared with $2.5 billion, or $2.00 per share in the 2013 third quarter.
ConocoPhillips had third-quarter oil and gas production from continuing operations, excluding Libya, of 1.473 million barrels oil equivalent per day (boed), up 25,000 boed from a year ago.
(Reporting by Anna Driver Editing by W Simon)
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