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Exploration giant, ConocoPhillips reported a rise in second-quarter profit, with earnings reaching to $1.6 billion. Conoco sustained a loss of US$3.4 billion in the second-quarter of 2017, and this is a substantial growth in profits for the Houston-based oil major. With a total realized price of $54.32 per barrel of oil equivalent (boe) in 2Q2018, stronger prices and a more liquids-weighted portfolio helped push Conoco’s profit by a good margin.
