02:07 PM EDT, 08/07/2025 (MT Newswires) -- ConocoPhillips ( COP ) said in a regulatory filing Thursday that it agreed to sell its assets in the Anadarko Basin for about $1.3 billion, subject to standard closing adjustments.

The deal, which was signed in July, is expected to close in early Q4, the company said.

The company said that the sale pushes it past its original $2 billion asset sale target ahead of schedule.

The energy producer also reported Thursday Q2 adjusted earnings and revenue that beat analyst expectations.

Shares of ConocoPhillips ( COP ) were 1% up in recent trading activity.

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