ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the company said on Thursday, as it sheds non-core acreage following the Marathon Oil acquisition to reduce debt and focus on higher-margin basins.

ConocoPhillips (NYSE:COP) said Thursday it agreed to sell assets in the Anadarko Basin for $1.3B, which will exceed the company's $2B asset disposition target ahead of schedule. Conoco (NYSE:COP) offered no further details,

ConocoPhillips (NYSE: COP) reported Q2 earnings of $2.0B, beating estimates. Production and cash flow remained strong. Dividend of $0.78 declared.

ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating Wall Street estimates for second-quarter profit. The asset sale, expected to close at the beginning of the fourth quarter,

US major ConocoPhillips posted quarterly results that beat analysts’ estimates and announced the sale of assets in the Anadarko basin for $1.3 billion. The company posted a net profit of $1.97 billion, or $1.56 per share, in the second quarter of 2025, down 15% from $2.33 billion, or $1.98 per share, in the same period a year ago.