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ConocoPhillips Has Surprisingly Strong Earnings Despite Crude's Crash

ConocoPhillips Has Surprisingly Strong Earnings Despite Crude's Crash

Several oil companies have already filed for bankruptcy, while most others have had to slash spending, shareholder payouts, and production. ConocoPhillips (NYSE: COP) certainly hasn't been immune to this downturn. It reduced its drilling budget twice, suspended its share repurchase program, and curtailed some output.