U.S. oil producer ConocoPhillips Co. has begun to bring production back online after curtailments in the wake of the price crash pushed it to a $1 billion loss in the second quarter.

The company—the U.S.’s largest independent producer by market cap—was one of the first to cut back on output as crude prices crashed earlier this year, shutting production across its operations in Canada and the U.S.

ConocoPhillips blamed the production cuts and weak prices for its heavy loss in the three months to June. But with oil prices having now bounced back, it is joining other producers in gradually turning the taps back on. It said it had already restored output in Alaska and expected to fully bring back production in the rest of the U.S. by September.

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