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Feb 3 - U.S. oil producer ConocoPhillips (COP.N)on Thursday topped market estimates for fourth-quarter profit and pledged to increase shareholder returns while warning investors that oil prices may be overheating. A recovery in demand from the coronavirus pandemic and tight supplies have sent crude oil prices to seven-year highs. U.S. crude was trading near $90…
(Bloomberg) -- ConocoPhillips intends to become the largest shareholder in Australia Pacific LNG as it raises its stake in the development as part of a reshuffle of its Asian assets.