ConocoPhillips’ second-quarter 2012 worldwide realized price for crude oil decreased $7.39 per barrel to $105.56 per barrel, compared with $112.95 per barrel for the second quarter of 2011. Realized natural gas prices decreased by 20 percent from $5.50 per thousand cubic feet (MCF) in the second quarter of 2011 to $4.41 per MCF for the current quarter.During the second quarter of 2012, ConocoPhillips repurchased approximately 52 million of its shares, or 4 percent of shares outstanding, for $3.1 billion. This brings the company’s total shares repurchased to approximately 20 percent of the shares outstanding at the inception of the repurchase program in 2010. At June 30, 2012, the outstanding basic shares were 1,215 million.
ConocoPhillips Reports Second-Quarter Earnings Of $2.3 Billion Or $1.80 Per Share
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