ConocoPhillips Third-Quarter Profit Rises to About $4 Billion
ConocoPhillips reported third-quarter profit of about $4 billion, or $3.34 a share, compared with $1.73 billion, or $1.38 a share. Average realized oil prices jumped 32%.
By Connor HartConocoPhillips reported higher profit in the recent quarter, boosted by a 32% jump in average realized oil prices.The oil and natural-gas company on Thursday posted a third-quarter profit of about $4 billion, or $3.34 a share, compared with $1.73 billion, or $1.38 a share, a year earl…