ConocoPhillips Agrees to Sell Clyden Leasehold to Imperial, Exxon for $720 Million

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ConocoPhillips (COP) has agreed to sell its Clyden oil-sands leasehold to Imperial Oil Ltd. (IMO, IMO.T) and Exxon Mobil Corp.’s (XOM) Canada arm for about $720 million as the exploration-and-production company continues to shed nonstrategic assets.

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