☰

Empresas y finanzas

ConocoPhillips quarterly profit up 41 percent


    HOUSTON (Reuters) - ConocoPhillips , the third-largest U.S. oil company, said on Wednesday its quarterly earnings rose 41 percent on higher oil prices and topped Wall Street estimates even as storms in the Gulf of Mexico dented results in its refinery business.

    Net income in the quarter increased to $5.2 billion or $3.39 per share, from $3.7 billion, or $2.23 per share, a year earlier.

    Revenue climbed to $70 billion.

    Analysts on average had expected the Houston company to report a profit of $3.08 per share and revenue of $73 billion, according to Reuters Estimates.

    Production in the third quarter was 2.2 million barrels of oil equivalent per day and Conoco said it expects output in the fourth quarter will be higher.

    Hurricanes Gustav and Ike, which swept through the Gulf of Mexico and battered the coast in September, reduced Conoco's output and cost its refining and marketing arm in the third quarter.

    (Reporting by Anna Driver in Houston, editing by Dave Zimmerman)