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ConocoPhillips Sees Profit Fall


ConocoPhillips (NYSE:COP) has reportedly recorded a decline of 3 percent in its first quarter profit.

ConocoPhillips Sees Profit Fall

The Houston, Texas based American multinational energy corporation has reportedly recorded a decline of 3 percent in its first quarter profits.

It has been reported that the decline was caused by less production of oil and natural gas from the diminishing pool of ConocoPhillips (NYSE:COP)’ resources.

ConocoPhillips (NYSE:COP) is reportedly planning to divide into two, one bearing the original name, ConocoPhillips (NYSE:COP), and the other operating with the name of Phillips 66, which will be concentrating on refineries and pipelines.

ConocoPhillips (NYSE:COP) shares were at 72.33 at the end of the last day’s trading. There’s been a 2.4% change in the stock price over the past 3 months.

ConocoPhillips Sees Profit Fall
ConocoPhillips (NYSE:COP) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.71
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.54
Zack’s Rank: 1 out of 7 in the industry


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