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ConocoPhillips posts lower-than-expected Q2 profits
July 31, 2019
Source: Reuters

ConocoPhillips posts lower-than-expected Q2 profits

US oil major, ConocoPhillips registered lower-than-expected profits in the second quarter, stressed by lower crude prices. Adjusted earnings for Conoco dipped to $1.14 billion in the quarter that ended June 30, from $1.29 billion in 2018. IBES data from Refinitiv showed that Conoco’s capital expenditure reached $1.73 billion during the quarter, topping estimates of $1.53 billion.

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