ConocoPhillips profit hits $1.4 billion but production slidesHigher prices boost earnings in upstream, downstream; Venezuela hurts output Allen Baker Petroleum News Contributing Writer
ConocoPhillips powered to a profit of $1.44 billion for the first quarter as executives said savings from the recent merger were taking hold. Higher prices were a big driver, as with many oil firms reporting this quarter.
Conoco and Phillips were operating separately at this time last year, so ther....
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