Jan 30 ConocoPhillips, the largest U.S. oil
company without refining operations, on Thursday said its
fourth-quarter profit rose, helped by the sale of its Algerian
business and other assets.
Profit in the quarter was $2.5 billion, or $2.00 per share,
compared with $1.4 billion, or $1.16 per share, a year earlier.
Oil and gas output was 1.518 million barrels oil equivalent
per day, down from 1.607 million boepd in the 2012 fourth
Earlier this month, Conoco said its fourth-quarter
production from continuing operations would be lower than
expected as severe weather in parts of the United States and the
North Sea hampered operations.