UPDATE: ConocoPhillips Q4 Earnings Surge 66%

ConocoPhillips COP reported a 66% surge in its fourth-quarter earnings. ConocoPhillips' quarterly profit surged to $3.4 billion, or $2.56 per share, from $2 billion, or $1.39 per share, in the year-ago period. Excluding other items, ConocoPhillips earned $2.02 per share. However, analysts were expecting earnings of $1.76 per share. ConocoPhillips' revenue surged 17% to $62.39 billion. ConocoPhillips shares gained 1.97% to $72.00 in pre-market trading.
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