Thursday, February 02, 2017 11:32:37 AM
The company's total realized price was $32.93 per barrel of oil equivalent (BOE), 15.4 percent higher a year ago, it said on Thursday.
The Houston-based company's operating costs were down 21.5 percent in the fourth quarter.
Excluding Libya, production was marginally down at 1.59 million barrels of oil equivalent per day.
ConocoPhillips said its production in the first quarter of 2017 would be between 1.54 million-1.58 million barrels of oil equivalent per day.
The company's net loss narrowed to $35 million, or 3 cents per share, in the quarter, from $3.45 billion, or $2.78 per share.
The year-ago quarter included a $2.74 billion charge, while the latest quarter included a gain of $52 million.
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