ConocoPhillips warns high prices could bite even as profit beats estimates
Feb 3 - U.S. oil producer ConocoPhillips (COP.N)on Thursday topped market estimates for fourth-quarter profit and pledged to increase shareholder returns while warning investors that oil prices may be overheating. A recovery in demand from the coronavirus pandemic and tight supplies have sent crude oil prices to seven-year highs. U.S. crude was trading near $90…