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Oil's Earning - USA - ConocoPhillips profit up 89%
USA - Journal Gazette/FortWayne.com -27 Oct 2005: -- ConocoPhillips, the nation’s third-largest integrated oil and gas company, said third-quarter profit surged 89 percent, reflecting high prices for crude oil and natural gas after one of the worst hurricane seasons in memory slammed the heart of the nation’s oil industry... The Houston-based company emerged from the one-two punch of Hurricanes Katrina and Rita unscathed profit-wise, with earnings for the quarter ended Sept. 30 of $3.8 billion... Results were nearly double those of a year ago, which reached $2 billion, or $1.43 per share...
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