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Houston Company ConocoPhillips Cuts Deal Worth $5 Billion

Posted on 11/26/2012 by with 0 comments

ConocoPhillips is selling a minority interest in drilling sites off the coast of Kazakhstan for about $5 billion as it continues to downsize.

The Houston company has aggressively sold refineries, pipelines and other assets over the past few years to remake itself as an independent oil and gas producer. It has sold more than $20 billion in assets and investments since 2010.


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