HIGH PROFITS FOR CONOCO READY TO SELL SHARE IN LUKOIL

Pubblicato il 28 luglio 2010 17:27 | Ultimo aggiornamento: 28 luglio 2010 17:27

Conoco has reported profits that are higher than expected for the second quarter. The company has announced the sale of its 40% share in Russian-owned Lukoil. The group, the third largest in the USA oil sector, intends to sell assets worth $10 billion also selling its 40% stake in Lukoil to Russian company for $3.44 billion. For the second quarter ConocoPhillips has reported adjusted profits for $2.5 billion ($1.67 per share) compared to the expected $1.56 per share.

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