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ConocoPhilips Sees Lower Second-Quarter Production


ConocoPhillips expects its second-quarter production fell from-first quarter levels due to scheduled maintenance in the North Sea, exiting from operations in Dubai, asset sales and seasonality dips in Alaska, the third-largest oil and gas company said Tuesday.

However, it said worldwide refining margins were "significantly" higher in the quarter.

The company produced 2.47 million barrels of oil equivalent per day in the first quarter, including 445,000 boepd from its stake in Russia's LUKOIL .

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