Oil Producer ConocoPhillips Beats Quarterly Profit Estimates on Higher Production

Reuters Feb 8 (Reuters) – U.S. oil and gas producer ConocoPhillips  beat Wall Street estimates for fourth-quarter profit on Thursday, helped by higher production in the Permian Basin and from a recent acquisition. The company had bought an additional 50% stake from TotalEnergies in the Surmont facility in Canada in 2023 that increased its output. Quarterly … Read more