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CM - Conoco realizes proceeds from asset sale, provides Q3 guidance - October 2019
ConocoPhillips said that proceeds from its sale of two UK subsidiaries for $2.675 billion would be used for general corporate purposes. It sold its businesses, which indirectly held E&P assets and about $1.8 billion in asset retirement obligations, to Chrysaor E&P Ltd. after a 50-year history in the area. The assets brought in about 72,000 boe/d of production during H1. Conoco intends to maintain its commercial trading business in London and continue to operate......
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