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HOUSTON — ConocoPhillips, the third-largest U.S. oil company, said Tuesday second-quarter production rose by more than 100,000 barrels from a year ago but that lower crude and natural-gas prices and refining margins are expected to hurt results.
The company said global output was 1.86 million barrels of oil equivalent. That’s up from 1.75 million barrels in the second quarter of 2008.
