Conoco sells $1.3 billion in oil land, assets

ConocoPhillips, the world’s largest independent oil company, sold $1.3 billion in oil land and other assets this year, generating cash for debt reduction, share repurchases and operations. Conoco, based in Houston, said on Wednesday it will record $800 million in sales this quarter: interests in Senegal, Indonesia, Alaska’s North Cook Inlet and Minnesota iron ore. ...