In line with worldwide commodity prices, ConocoPhillips’ realized prices fell in the third quarter compared to the same period of 2011. Realized crude oil prices decreased $3.89 per barrel to $102.72 per barrel, compared with $106.61 per barrel for the third quarter of 2011. Realized natural gas prices decreased by 16 percent from $5.45 per thousand cubic feet (MCF) in the third quarter of 2011 to $4.56 per MCF for the current quarter. Realized natural gas liquids (NGL) prices decreased by 27 percent to $40.39 per barrel, compared with $55.61 per barrel for the third quarter of 2011.During the quarter, ConocoPhillips generated $3.9 billion in cash from continuing operating activities, excluding working capital. Cash provided by continuing operating activities was $3.5 billion, reflecting a $0.4 billion increase in working capital. The company also received $0.5 billion in proceeds from asset dispositions. The company funded a $3.7 billion capital program, paid dividends of $0.8 billion and reduced debt by $2.0 billion.
ConocoPhillips Reports Third-Quarter Earnings Of $1.8 Billion Or $1.46 Per Share
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