Conocophillips profit rises on strong crude prices
BY Reuters — 7:01 AM ET 05/05/2022
May 5 (Reuters) - U.S. oil producer Conocophillips (COP)
reported a higher first-quarter profit on Thursday, helped by a
surge in crude prices following heavy sanctions on Russia after
it invaded Ukraine.
The Houston-based company's adjusted earnings rose to $4.29
billion, or $3.27 per share, in the quarter ended March 31, from
$902 million, or 69 cents per share, a year earlier.
(Reporting by Rithika Krishna in Bengaluru; Editing by Rashmi
Aich and Shounak Dasgupta)