U.S. oil and gas company ConocoPhillips' quarterly profit shot ahead of ana...
FILE PHOTO: Flags fly outside ConocoPhillips offices in Houston, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott
Total production, excluding Libya, rose 98,000 barrels of oil equivalent per day to 1.322 million boe/d, with output from U.S. basins including Eagle Ford, Bakken and the Permian rising 21% in the quarter. ConocoPhillips said the total realized price per barrel of oil equivalent fell 18% to $47.07 in the quarter.
Net earnings rose to $3.1 billion, or $2.74 per share, in the third quarter ended Sept. 30, from $1.9 billion, or $1.59 per share, a year earlier.
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