CEO: ConocoPhillips eyes further divestment in early 2020

Houston-based ConocoPhillips disposed of $3 billion of its assets in 2019, and it’s got more to come in the first part of 2020, according to the company’s top executive.

The oil giant managed to produce $3 billion in disposition proceeds during 2019, ConocoPhillips CEO Ryan Lance said on the company’s year-end earnings conference call with investors. And early 2020 is meant to bring another $2 billion in divestments, Lance said on the call. That’s all part of the company’s efforts to high-grade…