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The United States ConocoPhillips recently said that due to the stimulation of close to record high profitability of ethylene, it is expected that the company's chemical business will grow strongly in the first quarter of this year. ConocoPhillips' chemical business includes a 50% stake in Chevron Phillips Chemicals. ConocoPhillips said that in the first quarter, the company’s ethylene profitability was close to the highest level in the past 20 years, and the plant utilization rate of the chemical business continued to exceed 100%.
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