ConocoPhillips (COP +3.8%) plans to continue its recent asset sale efforts by shedding a...

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips (COP +3.8%) plans to continue its recent asset sale efforts by shedding a Louisiana refinery, according to Bloomberg's sources. A Global Hunter analyst believes the sale, which reportedly won't occur until after Conoco has spun off its refining business, could generate $700M-$1B in proceeds, excluding inventory. (previously)