By: Benzinga
January 31, 2013 at 01:22 AM EST
UPDATE: ConocoPhillips Q4 Profit Drops 58%
ConocoPhillips (NYSE: COP ) reported a 58% drop in its fourth-quarter earnings. ConocoPhillips' quarterly profit fell to $1.43 billion, or $1.16 per share, from $3.39 billion, or $2.56 per share, in the year-ago period. Excluding one-time items, its adjusted earnings declined to $1.43 per share from $1.55 per share. Its sales
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