(Bloomberg) -- ConocoPhillips, the third-largest U.S. oil company, said first-quarter net income rose 7.7 percent after gains on asset sales made up for declines in energy prices and rising costs.
Profit climbed to $3.55 billion from $3.29 billion a year earlier, Houston-based ConocoPhillips said today in a statement. Earnings per share fell to $2.12 from $2.34 after last year's $35 billion purchase of Burlington Resources Inc. increased the amount of stock outstanding.
Read more at Bloomberg Energy News
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