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ConocoPhillips Makes Progress on Portfolio Transition
ConocoPhillips COP reported first-quarter earnings that indicated its shift to higher-margin assets continues at a healthy pace. Specifically, production from the Eagle Ford, Bakken and Permian was 182 mboe/d in the first quarter, a 42% increase over last year. The increase in production for these plays along with increased oil sands production in Canada shifted ConocoPhillips’ North American oil exposure (excluding Alaska) to 51% from … Continue reading ConocoPhillips Makes Progress on Portfolio Transition