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