Nearly across the board, ConocoPhillips reported net production for the third quarter increased at a time when oversupplies are hurting corporate profits. “We are accelerating actions to position our company for low and volatile prices, while improving the underlying performance of the business,” said Ryan Lance, chairman and chief executive officer. Net production from the United States, including struggling Alaska, increased for Conoco. From lucrative Texas and North Dakota shale basins, output increased by 10 percent from third quarter 2014. From Canada, production increased 14 percent and, from the Middle East and Asia, output increased by 10 percent from last year. Only in Europe did production decline, down about 1 percent year-on-year. Most of Conoco’s peers reported heavy losses for the third quarter in a […]