Conoco Dumps U.S. Offshore Assets

February 25, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--After saying earlier this year that it expected higher production rates in 2025, ConocoPhillips (NYSE:COP) (Houston, Texas) offloaded its minority interests in two fields in the Gulf of Mexico (designated as the Gulf of America by the Trump administration) as part of a multi-billion-dollar divestment spree.