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Coterra posts surge in second-quarter profit

Aug 2 (Reuters) - U.S. shale producer Coterra Energy Inc on Tuesday reported a surge in second-quarter profit, helped by higher crude prices.

Net profit came in at $1.23 billion, or $1.53 a share, in the quarter ended June 30, compared with $30 million, or 8 cents per share, a year ago. (Reporting by Ruhi Soni in Bengaluru; Editing by Maju Samuel)