The price of oil in the United States plummeted to $68.42 per barrel from a record $147.27 in July 2008. Earlier this month ConocoPhillips had announced they would be selling about $10 billion worth of assets over the next two years for the reduction of company debt and enhanced returns. ConocoPhillips is the first major oil producer to report third quarter earnings this year. To receive detailed information from PennyPic, visit our website at http://www.PennyPic.com. ConocoPhillips third quarter oil and gas production for the company increased to 1.79 million barrels of oil per day. According to the Natural Gas Supply Association, in the U.S. ConocoPhillips was the sixth largest producer of gas for the first half of the year. The company's production was increased mainly due to new production from international project developments, higher operating efficiency and a lower royalty rate. PennyPic.com's Investment Stock Report covers and analyzes active stocks that are typically overlooked by the markets. PennyPic.com provides small investors with authoritative research on potentially huge movers in the micro-cap sector, and delivers that information before the rest of the market has noticed those stocks. PennyPic.com Disclosure PennyPic.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. PennyPic.com is a wholly owned entity of, a financial public relations firm. Please read our report and visit our website, PennyPic.com, for complete risks and disclosures. http://www.PennyPic.com SOURCE: PennyPic.com PennyPic.com Jay Fung (561) 702-9367 www.PennyPic.com For full details on ConocoPhillips (COP) click here. ConocoPhillips (COP) has Short Term PowerRatings of 5. Details on ConocoPhillips (COP) Short Term PowerRatings is available at This Link.
![]()
Email Print Archives Feedback Email Article Link
Close X
Related News [COP]
UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Thursday December 3 12:30 PM
* Attendance is strictly limited and are filled on a first-come, first-served basis.
The TradingMarkets Directory
Stocks
Options
Forex
E-mini/Futures
How to Trade
Tools
PowerRatings
Blogs
|