CONOCOPHILLIPS 1Q UP
ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a flat quarterly profit that topped expectations and said production edged higher as output from its North American shale and Canadian oilsands projects rose.
Profit in the first-quarter was $2.1 billion, or $1.71 per share, compared with $2.1 billion, or $1.73 per share in the same quarter a year ago.
Excluding one-time items related to storage and transportation agreements, Conoco had a profit of $1.81 per share.
Analysts on average had expected a profit of…
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