CORRECT (4/23): 2nd UPDATE: Conoco, Occidental Post Sharp Drop In ... - Wall Street Journal

HOUSTON (Dow Jones)--Profits at ConocoPhillips (COP) and Occidental Petroleum Corp. (OXY) dropped sharply in the first quarter on lower prices for oil and gas, opening a grim earnings season for major energy companies.

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Both companies saw their net incomes shrink some 80% from the same period last year. The trend is ... Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.

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