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According to Anadolu News on May 6, the US energy company ConocoPhillips’ financial performance report released on Tuesday showed a profit of US$982 million in the first quarter of 2021, compared with a loss of US$1.
The company reported losses of US$800 million and US$2.
Ryan Lance, Chairman and CEO of ConocoPhillips, said: "The first quarter is an important quarter for ConocoPhillips.
From January to March 2021, the company's total output last year increased by 210,000 barrels of oil equivalent per day to 1.
The company expects to increase its production to 1.
Zhu Jiani excerpted from Anadolu News
The original text is as follows:
ConocoPhillips posts $982 million income in 1Q21
The US energy company ConocoPhillips reported a profit of $982 million in the first quarter of 2021 compared to a $1.
The company had posted fourth-quarter and full-year 2020 losses of $0.
"The first quarter was a momentous one for ConocoPhillips with the closing of the Concho transaction, the better-than-expected pace and progress of integration activities companywide.
The firm's total production last year, rose by 210,000 barrels of oil equivalent per day (boepd) to 1.
The company expects to raise its production to 1.
