April 30, 2019 / 11:22 AM / in 7 months

ConocoPhillips profit rises marginally due to higher expenses

April 30 (Reuters) - U.S. oil producer ConocoPhillips said on Tuesday its first-quarter adjusted profit was marginally higher, as expenses ate into gains from higher production.

Adjusted net earnings came in at $1.15 billion, or $1 per share, in the quarter ended March 31, compared with $1.14 billion, or 96 cents per share, a year earlier.

Total production, excluding Libya, rose by 94,000 barrels of oil equivalent per day (boepd) to 1.32 million boepd in the quarter.

Reporting by Shanti S Nair in Bengaluru; Editing by Shinjini Ganguli

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