I am using Facebook C# SDK to get some data from my Facebook page.
When I get objects of data, at that time I get one field:
created_time : 2014-05-23T11:55:00+0000
As it is not same as my current time how do I convert it to my current time or to standard UTC time?

I would use DateTimeOffset.ParseExact, specifying the format string an the invariant culture:
DateTimeOffset value = DateTimeOffset.ParseExact(text, "yyyy-MM-dd'T'HH:mm:ssK",
CultureInfo.InvariantCulture);
I strongly recommend this over using DateTime.Parse for the following reasons:
The first two of these can be fixed by using DateTime.ParseExact and specifying the culture as well, of course.
You can then convert that to your local time zone, or to any other time zone you want, including your system local time zone. For example:
DateTimeOffset localTime = value.ToLocalTime(); // Applies the local time zone
or if you want a DateTime:
DateTimeOffset localTime = value.ToLocalTime().DateTime;
It's just one extra line of code, but it makes it clearer (IMO) what you're trying to do. It's also easier to compare DateTimeOffset values without worrying about what "kind" they are, etc.
In fact, I wouldn't personally use DateTimeOffset or DateTime - I'd use OffsetDateTime from my Noda Time project, but that's a different matter.
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