ConocoPhillips revenue rises in 2016 fourth quarter

Baku, February 3, AZERTAC

ConocoPhillips, the world's largest independent energy exploration and production company, saw its revenue increase in the fourth quarter of 2016, the company announced Thursday, according to Gateway Turkey.

Revenue rose 7.1 percent to $7.25 billion in the final quarter of last year, from $6.77 billion during the same period a year ago.

Net losses shrank to $35 million in the October-December period of 2016, from a net loss of $3.45 billion for the same period the previous year.

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