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ConocoPhillips profit falls 10 percent

A Conoco Phillips gas station in Boulder, Colorado January 24, 2007. Conoco Phillips will announce its earnings today. REUTERS/Rick Wilking
A Conoco Phillips gas station in Boulder, Colorado January 24, 2007. Conoco Phillips will announce its earnings today. REUTERS/Rick Wilking

(Reuters) - ConocoPhillips , the largest independent U.S. exploration and production company, reported a 10 percent drop in quarterly earnings.

Net income fell to $2.05 billion, or $1.65 per share, in the second quarter, from $2.27 billion, or $1.80 per share, a year earlier.

Oil and gas output from continuing operations rose to 1.51 million barrels of oil equivalent (boe) per day from 1.49 million boe per day a year earlier.

(Reporting By Anna Driver and Kanika Sikka)

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