ConocoPhillips Beats Q2 Profit on Higher Oil Production, Prices

(Reuters) – U.S. oil and gas producer ConocoPhillips  posted a second-quarter profit that beat Wall Street estimates on Thursday, benefiting from higher output and oil prices. The beat comes as ConocoPhillips is pursuing a $22.5 billion takeover of Marathon Oil, one of the largest deals of the quarter that is currently under review by the Federal … Read more