TN PETRÓLEO

ConocoPhillips , the No. 3 U.S. oil company, on Wednesday reported quarterly profit surged, as oil prices continued their march upward.

Net income in the first quarter surged to $3.29 billion, or $2.34 a share, compared with a profit of $2.91 billion, or $2.05 a share, in the year earlier period.

Revenues surged to $47.9 billion, up from $38.9 billion a year earlier.

Oil companies are enjoying a profit bonanza as crude oil prices continue surging to new highs, driven by fears of supply disruptions in Iran and Nigeria, coupled with growing demand in Asia.