(Bloomberg) -- ConocoPhillips, the third-largest
U.S. oil company, posted a smaller drop in profit than analysts
estimated as refining earnings damped the impact of a write-off
from asset seizures in Venezuela.
Second-quarter profit slid 94 percent to $301 million, or
18 cents a share, from a record $5.19 billion, or $3.09, a year
earlier, Houston-based ConocoPhillips said today in a statement.
Costs for the Venezuela exit cut net income by $4.51 billion.
Read more at Bloomberg Energy News
U.S. oil company, posted a smaller drop in profit than analysts
estimated as refining earnings damped the impact of a write-off
from asset seizures in Venezuela.
Second-quarter profit slid 94 percent to $301 million, or
18 cents a share, from a record $5.19 billion, or $3.09, a year
earlier, Houston-based ConocoPhillips said today in a statement.
Costs for the Venezuela exit cut net income by $4.51 billion.
Read more at Bloomberg Energy News
No comments:
Post a Comment