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Chevron Corp Earnings driven by increased crude oil realizations

Chevron Corp Earnings driven by increased crude oil realizations

Leveraging the recovery of global commodity prices and improving cash flow profile:For Q1FY17, ConocoPhillips (NYSE: COP) has highlighted that its current dividend can withstand low prices and there is room for annual increases. Further, the group expects the recent transactions to reduce average cost of supply to ~$35/BBL. The group had also witnessed a net profit after tax at $0.6 billion…