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CM - ConocoPhillips doubles Q1 earnings to over $1.8B - May 2019
Higher volumes from unconventional assets and higher gas realizations propelled ConocoPhillips’ Q1 earnings 106% higher YOY to more than $1.8 billion. It’s the third consecutive quarter the company has delivered profits in the $1.8-1.9 billion range, continuing to execute on a plan that chairman and CEO Ryan Lance calls “resilient to lower prices.”Revenue grew 12% YOY to over $10 billion. All of the company’s segments operated in the black during Q1. Asia Pacific and Middle East led the way with $528 million......
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