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ConocoPhillips posts profit, output increase in Q3
(MENAFN) ConocoPhillips, the world's largest independent oil and gas company, announced that it saw both profit and production rise slightly in the third quarter, Xinhua reported.
The Houston-based company announced posting earnings of USD2.7 billion in the July-September period, compared with USD2.5 billion registered in the same quarter last year.
The company also saw production increase by 44,000 barrels of oil equivalent per day to a total of 543,000 barrels of oil equivalent per day, due to the strength of operations in unconventional plays.
"We expect strong growth in 2015 driven by ongoing success in the North American unconventional and startup of several major projects," ConocoPhillips' chairman and CEO said.
The Houston-based company announced posting earnings of USD2.7 billion in the July-September period, compared with USD2.5 billion registered in the same quarter last year.
The company also saw production increase by 44,000 barrels of oil equivalent per day to a total of 543,000 barrels of oil equivalent per day, due to the strength of operations in unconventional plays.
"We expect strong growth in 2015 driven by ongoing success in the North American unconventional and startup of several major projects," ConocoPhillips' chairman and CEO said.
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