Continental Resources profit jumps nearly four-fold
Nov 6 (Reuters) - Continental Resources Inc, which drills for oil in North Dakota, Oklahoma and Colorado, posted a nearly four-fold increase in quarterly profit as production jumped across many of its regions.
For the third quarter, the company posted net income of $167.5 million, or 91 cents per share, compared with $44.1 million, or 24 cents per share, in the year-ago period.
Revenue rose 70 percent to $823.8 million.
Production rose 38 percent to 141,873 barrels of oil equivalent per day (boe/d).
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video