2Q2006

ConocoPhillips on Thursday said it expects to see higher sequential 2Q2006 oil and gas production over 1Q2006, mostly on the acquisition of Burlington Resources Inc. (see Daily GPI, April 3). Meanwhile, BP plc, already beset by safety problems at some of its refinery units and an alleged propane price-fixing scheme (see Daily GPI, June 29), expects its quarterly output to fall about 2.5% from a year ago.