| ConocoPhillips posts quarterly loss as crude prices crash | |
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Oct 29 (Reuters) - ConocoPhillips, the largest U.S. independent oil company, reported a quarterly loss, compared with a year-earlier profit, as the slump in crude prices sapped profitability. The Houston-based company also said it would further cut its 2015 capital budget, to $10.2 billion from $11.0 billion. The company posted a loss of $1.1 billion, or 87 cents per share, for the third quarter compared with a profit of $2.7 billion, or $2.17 per share, a year ago. Output from continuing operations, excluding Libya, was 1.554 million barrels oil equivalent per day (mboed), compared with 1.473 mboed a year ago. (Reporting by Anna Driver and Swetha Gopinath; Editing by Savio D'Souza)
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ConocoPhillips
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CODE : COP |
ISIN : US20825C1045 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ConocoPhillips is a producing company based in United states of america. ConocoPhillips is listed in Germany and in United States of America. Its market capitalisation is US$ 152.8 billions as of today (€ 143.4 billions). Its stock quote reached its lowest recent point on December 31, 1991 at US$ 10.94, and its highest recent level on April 23, 2024 at US$ 129.84. ConocoPhillips has 1 177 107 000 shares outstanding. |