ConocoPhillips Boosts Dividend After Strong Third Quarter Earnings Beat
ConocoPhillips (NYSE: COP) on Thursday raised its quarterly dividend by 8% as it reported better-than-expected earnings for the third quarter. ConocoPhillips, the biggest U.S. independent oil and gas producer, reported adjusted earnings of $2 billion for the third quarter, or $1.61 per share. The EPS easily beat the analyst consensus estimate of $1.41 earnings per share in The Wall Street Journal. Higher oil and gas production and reduced costs helped ConocoPhillips partly offset the lower oil prices and price realizations. …