ConocoPhillips Sells Anadarko Assets While Cutting Debt and Maintaining Strong Dividend

Core Viewpoint - ConocoPhillips is strategically selling its Anadarko Basin assets for $1.3 billion to reduce debt and focus on higher-margin operations, despite a decline in earnings and oil prices [1][3]. Financial Performance - In Q2 2025, ConocoPhillips reported an Adjusted EPS of $1.42, down from $1.98 in Q2 2024, indicating a decline in earnings year-over-year [2]. - The company experienced higher production volumes, but this was offset by a decrease in realized prices for oil equivalent barrels [2]. Asset Sale and Strategy - The decision to sell the Anadarko Basin assets is part of a broader strategy following the acquisition of Marathon Oil, aimed at reducing debt and reallocating resources to more profitable basins [3]. - The divestiture is expected to be completed in the fourth quarter and will help the company achieve its target of raising $2 billion ahead of schedule [3]. Dividend Information - ConocoPhillips has a dividend yield of 3.30%, supported by a payout ratio of 41.82%, indicating the company's ability to meet its dividend obligations through earnings [4].