ConocoPhillips returns to profit on higher crude prices

U.S.-based oil and gas company ConocoPhillips returned to profit in the third quarter 2017 helped by rising crude prices but still decided to further reduce its capital budget for the year.  ConocoPhillips on Thursday reported third-quarter 2017 earnings of $420 million compared with a third-quarter 2016 loss of $1.04 billion. Excluding special items, third-quarter 2017 […]

Read full original article »