ConocoPhillips increased its quarterly profit 4.4 times


American oil company ConocoPhillips, following the results of the third quarter, reported the growth of net profit 4.4 times in annual terms to 1 billion 861 million dollars. One of the factors for the steady growth of the indicator was the increase in oil prices. Adjusted earnings amounted to 1 dollar 36 cents per share, while experts had predicted 1 dollar 19 cents. Revenues reached 10 billion 165 million dollars, an increase from 7 billion 195 million a year earlier. The company's production increased by 22 million barrels of oil equivalent per day compared to last year. At the end of the quarter, the company increased dividends by 7% to 30.5 cents per share.

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