ConocoPhillips, an American oil-and-gas giant, saw a decline in the net profit in 2012. The profit declined by 155 down to $6,73bn.
The recently-published press release says that the company’s income per share declined down to $5,37/share. For reference sake, it was $ 5,75/share in 2011.
ConocoPhillips’s oil production reached 1.578 million barrels a day last year. The company’s experts are planning to boost the production up to 1,58-1,6 barrels a day this quarter.
It should be noted that ConocoPhillips earned $1.75bn n Q4 2012. For reference sake, in Q4 2011, the income was $2.05bn. Therefore, the income dropped by 14% within a year.
The chart below, courtesy of , reflects the current state of affairs in the market of ConocoPhillips:
