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Wednesday April 27, 09:24
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ConocoPhillips first-quarter profit rose 80%
(by Mark Riley)
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ConocoPhillips, the third-largest oil company in the U.S., reported today that its first-quarter profit rose 80% due to high oil and gas prices.
Profit rose to $2.91 billion, or $4.10 a share, from $1.62 billion, or $2.33 a share, last year. Operations profit rose to $2.92 billion, or $4.12 a share, from $1.6 billion, or $2.31 a share.
Revenue rallied 29% to $38.9 billion from $30.2 billion.
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