ConocoPhillips Q4 earnings increased on higher oil prices

01/27/2010 | Wall Street Journal, The

ConocoPhillips said its earnings climbed in the fourth quarter, crediting stronger oil prices. The company posted a profit of $1.22 billion, compared with a loss of $31.76 billion in the same period in 2008. ConocoPhillips, however, expects a drop in production for 2010 as the company reduces its capital-investment program.

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