CONOCOPHILLIPS MISSES ON QUARTERLY PROFIT AND HIKES FULL-YEAR OUTPUT FORECAST MARGINALLY

ConocoPhillips (COP.N) slightly raised its full-year output expectations on Thursday, even as it posted a lower-than-expected quarterly profit. Quarterly reports from U.S. oil producers have been dented by weak oil and gas prices in recent months, though higher production has helped offset some of the pain.

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