BRIEF-ConocoPhillips says committed to returns-focused strategy regardless of oil price

Published 2017-10-26, 01:06 p/m
© Reuters.  BRIEF-ConocoPhillips says committed to returns-focused strategy regardless of oil price
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Oct 26 (Reuters) - ConocoPhillips (NYSE:COP) COP.N

* Says committed to returns-focused strategy regardless of commodity price improvement

* Says plans to exceed original oil production forecast despite capital budget cut

* Says no water-borne oil exports from United States in third quarter

* Says 'quite possible' might see quarterly distribution from Australia Pacific LNG joint venture in fourth quarter

* Says does plan to start cutting stake in Cenovus Energy Inc CVE.TO after lock-up period ends in November

* Says currently producing more than 30,000 barrels/day of oil in Libya

* Says all gas from Australia Pacific LNG that's not sold domestically is under long-term contracts to customers in China and Japan

* Says some Australia Pacific LNG customers exercised right to not take up to 10 percent of contracted cargos, making some LNG available for spot sale in 2018

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