ConocoPhillips' Solid First-Quarter Results
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ConocoPhillips produced an average of nearly 2.4 million barrels of oil equivalent ( BOE ) per day during the first quarter .
That production was up 5% from the year-ago period due to its investments to grow its output in low-cost regions.
The oil giant ended the period with $7.5 billion in cash and short-term investments on its balance sheet.
It used that money to help fund $3.4 billion of capital expenditures and investments to maintain and grow its production.
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