Conoco to sell more units


ConocoPhil­lips plans to shed as much as $10 billion more in assets and use the proceeds to buy back shares and reinvest in other areas. That would double the amount of assets that Conoco has planned to sell since last year while the company reshapes itself to focus more on oil and gas production and exploratio­n. Chairman and CEO Jim Mulva has said the company is “shrinking to grow.”

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