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CBS reported that ConocoPhillips (NYSE:COP) has planned to make new changes in 2012 after its profit rose 66.1 percent in the fourth quarter.
CBS News reported that ConocoPhillips (NYSE:COP) has planned to make new changes in 2012 after its profit rose 66.1 percent in the fourth quarter.
As quoted in the market news:
ConocoPhillips is in the final stages of a three-year overhaul of its worldwide operations that will make it much smaller, and, the company hopes, easier to grow in the future. Since 2010, ConocoPhillips has shed $10.7 billion in assets, including some of its least profitable businesses, and it plans to sell more than $1 billion more by the end of 2012.
Click here to read the full CBS News report.