Wednesday, July 25, 2007

ConocoPhillips Q2 profit falls on Venezuela charge

(Reuters) - Excluding the $4.5 billion impairment for its Venezuelan
assets, the third-largest U.S. oil company posted earnings of
$2.90 a share.




Integrated oil companies that both produce and refine oil
and gas are expected to have yet another in a series of stellar
quarters as soaring refining margins picked up the slack for a
year over year drop in oil prices.


Read more at Reuters.com Market News

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