American ConocoPhillips recorded a quarterly profit of over $1.5 billion

The US oil company ConocoPhillips reported that in the second quarter of 2018 it recorded a net profit of $1 billion 600 million dollars against a loss of 3 billion 400 million dollars for the same period last year. Profit without taking into account one-off factors was 1 dollar 9 cents per share, wwhile analysts had predicted 1 dollar 8 cents per share. ConocoPhillips reached a profitable level in the second quarter due to the growth in the price of oil sales. The company did not publish revenue figures for the previous quarter. Capitalization of ConocoPhillips has grown since the beginning of the year by almost a third to 82 billion 900 million dollars.

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