India, Nov. 5 -- Energy major ConocoPhillips (COP) reported Thursday significantly higher earnings in its third quarter, primarily due to higher prices, partially offset by lower volumes.
Looking ahead for the fourth quarter, production is expected to be 2.32 to 2.36 million barrels of oil equivalent per day, higher than the third quarter.
Full-year capital expenditures and adjusted operating cost guidance remain unchanged.
In the third quarter, net earnings were $4.001 billion or $3.34 per share, higher than last year's $1.726 billion or $1.38 per share.
The results mainly reflected special items primarily reflecting the reversal of a tax reserve.
Adjusted earnings were $3.918 billion or $3.27 per share, compared with $2.007 billion o...