ConocoPhillips CEO on oil price impact

(01:52) Report

Oct 26 - The price of a barrel of oil may be at a record level but oil companies say that doesn't necessarily mean record profits.

The price of a barrel of oil may be at a record level...but oil companies say that doesn't necessarily mean they are hauling in record profits.

Access to new supplies. A weak dollar. Rising raw materials costs. Are all having an impact on their business.

Bobbi Rebell reports.

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