conocophillips cop shares rose 34 in premarket trades thursday after it said its secondquarter earnings more than doubled to 51 billion or 396 per share up from 21 billion or 155 a share in the yearago quarter excluding items adjusted earnings were 391 a share in the latest quarter the company beat the profit target of 386 a share according to factset estimates conocophillips said it is adding 5 billion to its planned 2022 return of capital to bring the total to 15 billion the oil company will pay both a thirdquarter ordinary dividend of 46 cents per share and a fourthquarter variable return of cash payment of 140 per share secondquarter production increased by 104 thousand barrels of oil equivalent per day mboed to 1692 mboed below the wall street target of 17032 mboed the company said it expects thirdquarter production of 17 to 176 million mboed compared to the wall street estimate of 17436 mboed