ConocoPhillips (COP.N), the world’s largest independent oil and natural gas exploration and production company, posted a bigger-than-expected quarterly profit on Thursday, helped by rising crude prices (CLc1) and cost cuts. Results at Conoco, like many of its peers, have steadily improved in recent quarters alongside commodity prices and as better technology makes operations more efficient. Also, Conoco’s stock has risen as the company has prioritized cost cuts and asset sales over production increases. …read more
Source:: Yahoo Finance
