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ConocoPhillips quarterly profit flat, output up
July 31, 2014 / 11:17 AM / 3 years ago

ConocoPhillips quarterly profit flat, output up

July 31 (Reuters) - ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a flat quarterly profit as higher costs offset an increase in oil and gas production.

Income in the second quarter was $2.1 billion, or $1.67 per share, compared with $2.1 billion, or $1.65 per share in the year-ago period.

The Houston company’s oil and natural gas output from continuing operations was 1.56 million barrels oil equivalent per day (boed) in the quarter, up from 1.51 million boed a year earlier.

Reporting by Anna Driver; Editing by Dale Hudson

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