ConocoPhillips profits better than expected

US oil giant ConocoPhillips released its quarterly results on Tuesday, beating analyst expectations with higher output which boosted company profits offsetting declines in US shale.

ConocoPhillips profits better than expected ConocoPhillips profits better than expected ConocoPhillips profits better than expected ConocoPhillips profits better than expected ConocoPhillips profits better than expected

 

Third quarter earnings hit US$3.1 billion, roughly $1.1 billion higher than the $1.9 billion reported for the same period last year.

Cash provided by operating activities was $2.3 billion.