NEW YORK (
became the second integrated oil company in a row to surpass Street expectations in its third quarter earnings, following the trend set by
ExxonMobil profit rose 55%, to $7.35 billion. Earnings per share of $1.44 beat the Street call for $1.39.
ConocoPhillips reported a profit doubling in the third quarter in its Wednesday results.
ExxonMobil revenue was $3 billion below the Street consensus of $98 billion. ConocoPhillips revenue was in line with the Street forecast, at just under $50 billion.
Shares of ExxonMobil were unchanged in the premarket on Thursday. ConocoPhillips shares ended Wednesday down by a little more than 1%, yet it was a losing day for oil and the markets.
-- Written by Eric Rosenbaum from New York.
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