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ConocoPhillips quarterly profit up on asset sale

Published 10/30/2014, 07:15 AM
Updated 10/30/2014, 07:20 AM
© Reuters ConocoPhillips Chairman and CEO Lance rings the closing bell at the New York Stock Exchange

(Reuters) - ConocoPhillips, the largest U.S. independent oil company, on Thursday reported a higher third-quarter profit as results were lifted by the sale of its Nigerian business.

Profit was $2.7 billion, or $2.17 per share, compared with $2.5 billion, or $2.00 per share in the 2013 third quarter.

© Reuters. ConocoPhillips Chairman and CEO Lance rings the closing bell at the New York Stock Exchange

ConocoPhillips had third-quarter oil and gas production from continuing operations, excluding Libya, of 1.473 million barrels oil equivalent per day (boed), up 25,000 boed from a year ago.

(Reporting by Anna Driver Editing by W Simon)

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