U.S. oil major ConocoPhillips returned to quarterly profit helped by higher oil prices and increased its dividend and share buyback.
ConocoPhillips on Thursday reported fourth-quarter 2017 earnings of $1.6 billion, compared with a fourth-quarter 2016 net loss of $35 million.
Excluding special items, fourth-quarter 2017 adjusted earnings were $0.5 billion, compared with a fourth-quarter 2016 adjusted net loss of $0.3 billion. Special items for the current quarter were primarily driven by benefits from U.S. tax reform and the settlement of Ecuador arbitration.
Brazil Energy Insight 
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