ConocoPhillips down after results

NEW YORK Wed Jul 29, 2009 6:40pm IST

Stocks

   

NEW YORK (Reuters) - Shares of ConocoPhillips (COP.N) fell 2.2 percent to $43.90 in premarket trading on Wednesday after the Texan energy company reported a 76 percent drop in quarterly profit, as oil prices fell sharply from a year earlier and heavy fuel supplies and weak demand hurt its refining business.

(Reporting by Edward Krudy; Editing by Theodore d'Afflisio)