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ConocoPhillips sees oil recovery by end of year

Mr Lance was adamant on Wednesday that his firm isn't for sale, the same day Shell announced a deal to buy BG Group for US$70 billion.


CONOCOPHILLIPS, one of the world's largest shale producers, sees crude prices rising by the end of the year, bolstering the company's growing wager on US oil.

Chief executive officer Ryan Lance is staking a big part of the company's future on shale, pledging to spend 50 per...

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