<img src=" http://www.joplinglobeonline.com/images/zope/wednesday.gif" border=0> ConocoPhillips 3Q profit tumble; production jumps

City wants to buy weather radios for those without

Phil Jones had been working on a construction project outside his house all day on May 22 and was unaware that a tornado watch had been issued. Once he was inside, though, his weather radio went off, and he learned that a warning had been issued.

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October 28, 2009

Anonymous The Joplin Globe Wed Oct 28, 2009, 08:02 AM CDT

HOUSTON (AP) — ConocoPhillips says low natural gas prices and thin margins from its gasoline refining business sent its profit tumbling 71 percent in the third quarter, but the oil company is ramping up production as crude prices jump.

The nation’s third-largest oil company said Wednesday that it made $1.5 billion, or $1 per share, for the quarter ended Sept. 30 compared with profit of $5.2 billion, or $3.39 per share, in the year-ago third quarter when oil and natural gas prices had peaked at record levels.

Revenue totaled $41.3 billion, down from $71.4 billion in the year ago quarter.

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