ConocoPhillips, the largest U.S. oil company without refining operations, on Thursday said its fourth-quarter profit rose with help from the sale of its Algerian business and lower taxes.Profit in the quarter was $2.5 billion, or $2.00 per share, compared with $1.4 billion, or $1.16 per share, a year earlier.Excluding items, Houston-based Conoco had a profit of $1.40 per share. Analysts on average had expected a profit of $1.31 per share, according to Thomson Reuters I/B/E/S.Oil and gas output was 1.518 million barrels oil equivalent per day, down from 1.607 million boepd in the 2012 fourth quarter.
ConocoPhillips explores for, produces, transports and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis. Shares of COP fell by 0.59% or $-0.39/share to $65.82. In the past year, the shares have traded as low as $56.38 and as high as $74.59. On average, 4699870 shares of COP exchange hands on a given day and today's volume is recorded at 5671684.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.53% or $-0.19/share to $35.94. In the past year, the shares have traded as low as $29.33 and as high as $38.73. On average, 703654 shares of TRI exchange hands on a given day and today's volume is recorded at 621325.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.3% or $-0.12/share to $40.19. In the past year, the shares have traded as low as $29.40 and as high as $42.10. On average, 871422 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 644550.
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