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ConocoPhillips Posts Its Best Quarterly Earnings in 3 Years

·3 min read
ConocoPhillips Posts Its Best Quarterly Earnings in 3 Years
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ConocoPhillips produced an average of 1.547 million barrels of oil equivalent (BOE) per day during the second quarter, up 566,000 BOE per day from the year-ago period. Contributing to that surging output was its acquisition of Concho Resources, as well as the resumption of production from wells it shut in during earlier phases of the pandemic. ConocoPhillips' surging output couldn't have come at a better time.