More dollars, fewer barrels for ConocoPhillips; $5.4 billion in profits, but it pumped less oil
ConocoPhillips on Wednesday kicked off a string of anticipated heady major oil company profit announcements amid record crude prices, but analysts are looking beyond the billions to how much they're actually pumping. "Like its peers, ConocoPhillips is volume-growth challenged," said Brian Youngberg, an analyst with Edward Jones. "They're benefiting from high prices and share repurchases right now. Everyone is hoping that somewhere down the line, capital expenditures will start driving at least s...
7/24/2008 12:00:00 PM
News & Issues - Business/Financial News
|
