(Reuters) - Excluding a huge charge related to Venezuela's move to take over ConocoPhillips operations in the country, the third-largest U.S. oil company posted earnings of $2.90 a share -- well ahead of Wall Street's average forecast of $2.68 a share, according to Reuters Estimates.
"Their refining and marketing operations did wonders for the quarter, and oil and gas prices stayed pretty high, too," said Oppenheimer & Co. analyst Fadel Gheit.
Read more at Reuters.com Hot Stocks News
"Their refining and marketing operations did wonders for the quarter, and oil and gas prices stayed pretty high, too," said Oppenheimer & Co. analyst Fadel Gheit.
Read more at Reuters.com Hot Stocks News
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