ConocoPhillips posts adjusted loss on coronavirus-led oil price plunge

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ConocoPhillips posts adjusted loss on coronavirus-led oil price plunge
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U.S. oil and gas producer ConocoPhillips reported a quarterly adjusted loss on Thursday, as coronavirus-induced lockdowns sapped demand for fuel ...

U.S. oil and gas producer ConocoPhillips reported a quarterly adjusted loss on Thursday, as coronavirus-induced lockdowns sapped demand for fuel and crushed crude prices. Adjusted net loss stood at US$994 million, or 92 cents per share, in the second quarter ended June 30, compared with earnings of US$1.14 billion, or US$1.

FILE PHOTO: The logo for ConocoPhillips is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid/File PhotoREUTERS: U.S. oil and gas producer ConocoPhillips reported a quarterly adjusted loss on Thursday, as coronavirus-induced lockdowns sapped demand for fuel and crushed crude prices. Adjusted net loss stood at US$994 million, or 92 cents per share, in the second quarter ended June 30, compared with earnings of US$1.

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