Aug 1 (Reuters) - U.S. oil and gas producer

ConocoPhillips ( COP ) posted second-quarter profit that beat

Wall Street estimates on Thursday, benefiting from higher output

and oil prices.

The Houston, Texas-based company posted adjusted earnings of

$1.98 per share for the quarter ended June 30, compared with

analysts' average estimate of $1.96, according to LSEG data.

(Reporting by Mrinalika Roy in Bengaluru; Editing by Shinjini

Ganguli)