ConocoPhillips hammers losses

AUSTRALIA Pacific LNG downstream operator ConocoPhillips managed to slash its fourth-quarter loss from $3.5 billion ($A4.57 billion) in 2015 to $35 million, and like ExxonMobil flagged better times ahead.

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ConocoPhillips' Eagle Ford operations.

The company lifted its dividend by 6% - not bad for a company that was considered to have a serious cash flow problem over the duration of the recent downturn.