Around the world in oil and gas

CONOCOPHILLIPS and BP are continuing with plans to trim their portfolios with the former announcing it would sell up to an additional $US10 billion ($A9.86 billion) in non-core assets over the next two years.

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The sale of $5-10 billion in assets is expected to be used primarily to fund its recently announced $10 billion share repurchase program and for capital investment opportunities.

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