ConocoPhillips posts first profit after three quarters as oil prices improve
May 4 (Reuters) – ConocoPhillips COP.N on Tuesday posted an adjusted profit for the first quarter, as the rollout of vaccines lifted crude prices, helping the top independent U.S. oil producer end a losing streak which lasted for three consecutive quarters. The company said its adjusted profit was £902 million, or 69 cents per share, for the three months ended March 31, compared with a loss of £201 million, or 19 cents per share, in the prior quarter. (Reporting by Shariq Khan in Bengaluru; Editing by Arun Koyyur)
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