ConocoPhillips’ Third-Quarter Net Profit More Than Doubles to About $4 Billion

ConocoPhillips posted about $4 billion in third-quarter net profit, more than double its $1.73 billion figure for an earlier period, while production was lower and average realized oil prices rose 32%.\n\nNet profit was $3.34 per share, compared with $1.38 per share in the earlier period. The company also exceeded estimates for adjusted earnings and revenue.