AlwaysFree: ConocoPhillips To Sell Assets In Williston Basin

ConocoPhillips has put its oil assets in the Williston Basin on sale, Bloomberg reported, citing people with knowledge of the matter. The company is expected to raise from the divestment, the sources added. ConocoPhillips has declined to comment about the sale. CEO Officer Ryan Lance said in the company’s latest earning calls on August 3 that it is constantly reviewing its portfolio to identify uncompetitive businesses and looking for opportunities to sell and acquire assets. There is an ongoing trend of major oil producers divesting assets to focus on low-carbon operations.