Thursday, July 28, 2016

ConocoPhillips Q2 Loss Widens, Results Miss View; Lifts FY16 Production Outlook

ConocoPhillips on Thursday reported a loss for the second quarter that widened from last year, reflecting lower revenues and one-time charges. The results for the quarter missed analysts' estimates. However, the company raised its production outlook for the full-year. Like other companies in the oil industry, ConocoPhillips is struggling with lower oil prices.

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