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January 26, 2005: ConocoPhillips Announces Record Profits

ConocoPhillips reports record profits for its 2004 fourth quarter, over double the amount it posted twelve months before. Income from continuing operations rose to $2.5 billion compared with $985 million in 2003. The dramatic increase in profits is attributed to record high oil prices. [Marketwatch, 1/26/2005]

Entity Tags: ConocoPhillips

Timeline Tags: Events Leading to Iraq Invasion

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