ConocoPhillips Plans to Make New Changes in 2012

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.