Following its recent decision to sell off its oil assets in the North Sea to focus on other areas, it will be interesting to see where ConocoPhillips will go in the future. Breaking down recent newsThe most recent development for ConocoPhillips was its decision to sell $2.7 billion in oil and gas assets in the North Sea. Nor is ConocoPhillips the only energy giant to depart from the North Sea. Rival ExxonMobil (NYSE:XOM) announced earlier in the year that it was selling its own North Sea assets near Norway for $4.5 billion. By this philosophy, I'd argue that ConocoPhillips passes with flying colors and is a solid cornerstone of any energy investor's portfolio.

Source: The North Africa Journal October 08, 2019 13:18 UTC