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ConocoPhillips shows earnings loss during oil slump

2015-05-01 01:25:28| Oil & Gas - Topix.net

Houston-based ConocoPhillips reported an earnings loss for the first quarter of 2015 because of the ongoing oil slump and more dry hole expenses. The exploration and production giant saw an 87 percent dip in earnings from the first quarter of 2014, falling from $2.1 billion last year to $272 million this year.

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