ConocoPhillips Beats Q2 Profit Estimates As Oil Prices Rise

ConocoPhillips (NYSE: COP) reported on Tuesday second-quarter earnings beating analyst estimates on the back of higher commodity prices and higher oil and gas production. The U.S. company said today it posted adjusted earnings of $1.7 billion, or $1.27 per share, for the second quarter of 2021. This compares with an analyst consensus estimate of $1.10 per share earnings compiled by The Wall Street Journal, and with an adjusted loss of $1.0 billion, or a loss of $0.92 per share, for the second quarter last year. ConocoPhillips benefited in Q2 2021…