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ConocoPhillips rises on Q3 profit beat

By Reuters News

** Shares of ConocoPhillips COP.N up 1.2% to $136.94 premarket

** Co beats Q3 adjusted profit estimates as stronger commodity prices and cost-cutting measures help offset a decline in its output

** Posts adjusted profit of $3.27/share, beating analysts' estimate of $2.97/share - data compiled by LSEG

** Co raises its quarterly dividend by 11%

** COP's average realized price was $61.40 per barrel of oil equivalent for the quarter, 32% higher than a year earlier

** As of last close, shares up 46.3% YTD

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