ConocoPhillips may double asset sale to $20B; Will buy back stock

摘要

ConocoPhillips, the third-largest U.S. oil company, said it might double its planned sale of less desirable assets to $20 billion, with proceeds going to buy back stock. Conoco is executing a plan, first announced in late 2009, to increase shareholder value through debt reduction, stock buybacks, and increased dividends.