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April 23rd, 2012 
FAKE NEWS for the Zionist agenda NEW YORK (AP) — SPLITTING UP: ConocoPhillips plans to split into separate production and refining companies in May. Ahead of the split, the company has shed more than $20 billion in assets and investments.
PRODUCTION DROP: Many of those assets produce oil and natural gas. Without them, ConocoPhillips’ production dropped 3.8 percent in the first quarter. It expects overall production in 2012 to continue to lag last year’s pace.
PROFITS DECLINE: The drop in production, combined with lower sales of gasoline and other refined petroleum products, cut ConocoPhillips’ first-quarter profit by 3 percent. The Houston company earned $2.94 billion, or $2.27 per share.
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