"Overall, our performance for the quarter was good, and would have been stronger without unplanned downtime," said Jim Mulva, chairman and chief executive officer.
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Conoco Phillips Profit Soared
US oil major ConocoPhillips said Wednesday that first-quarter earnings soared year-over-year on high oil prices
US oil major ConocoPhillips said Wednesday that first-quarter earnings soared year-over-year on high oil prices, though they were partially offset by unplanned downtime in the company's exploration and production unit.
Net income jumped to $2.91 billion, or $4.10 per share, from $1.62 billion, or $2.33 per share, a year ago. Total revenue was $38.9 billion, up from $30.2 billion last year.
Analysts surveyed by Thomson Financial were looking for ConocoPhillips Co. to post earnings of $3.29 per share in the latest quarter.
"Overall, our performance for the quarter was good, and would have been stronger without unplanned downtime," said Jim Mulva, chairman and chief executive officer.
"Overall, our performance for the quarter was good, and would have been stronger without unplanned downtime," said Jim Mulva, chairman and chief executive officer.
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