(Reuters) – U.S. shale producer Continental Resources Inc posted an over four-fold rise in second-quarter profit on Thursday, on the back of higher oil prices.
Net income attributable to the company, which is currently weighing a take-private offer from billionaire-founder Harold Hamm’s family trust, was $1.21 billion, or $3.35 per share, in the quarter ended June 30.
That compares to year-ago profit of $289.33 million, or 79 cents per share.
(Reporting by Ruhi Soni in Bengaluru; Editing by Krishna Chandra Eluri)
