ConocoPhillips Reports Third-Quarter Profit Beat, Hikes Production Forecast

(Reuters) – Oil and gas producer ConocoPhillips topped Wall Street estimates for third-quarter profit on Thursday and hiked its full-year output forecast on a boost from higher production, sending its shares up 3% at $106.7 in premarket trading. Commodity price volatility has been in focus in the past few months, driven by several factors including the … Read more