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ConocoPhillips first-quarter profit, output lower
April 25, 2013 / 12:02 PM / 5 years ago

ConocoPhillips first-quarter profit, output lower

(Reuters) - ConocoPhillips (COP.N) reported lower quarterly earnings on Thursday as oil and natural gas production edged down along with crude prices.

Smoke is released into the sky at the ConocoPhillips oil refinery in San Pedro, California March 24, 2012. Picture taken March 24, 2012. REUTERS/Bret Hartman

Conoco had a first-quarter profit of $2.1 billion, or $1.73 per share, down from $2.9 billion, or $2.27 per share, a year earlier.

Oil and gas output from continuing operations was 1.56 million barrels oil equivalent (boe) per day, down slightly from 1.58 million boe per day a year earlier.

Reporting by Anna Driver; Editing by John Wallace

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