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Conoco (COP -4.2%) CEO Ryan Lance says the company has no plans to split up its assets, despite...
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Thursday, January 31, 12:59 PM ETConoco (COP -4.2%) CEO Ryan Lance says the company has no plans to split up its assets, despite the activist trend of calling for separating high-growth U.S. conventional assets from international. COP's asset sales strategy should insulate it from shareholder ire, Raymond James' Pavel Molchanov says: "If [COP] had not spun off Phillips 66 last year, the odds of having an activist come in would be greater."
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