Conoco third-quarter profit higher than expected contributed by rising crude oil prices

US oil giant ConocoPhillips announced on the 2nd that its profits exceeded market expectations in the third quarter. Supply bottlenecks and the recovery of the global economy helped raise oil prices.

Oil production excluding Libya in the third quarter increased by 41.36% to 1.51 million barrels per day. The average prevailing price has risen by about 84%.

Oil production excluding Libya in the fourth quarter is expected to be 1.53 million to 1.57 million barrels per day.

Adjusted earnings per share for the third quarter was $ 1.77. The market forecast was $ 1.51.

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