ConocoPhillips to record net earnings benefit of $120M after-tax in Q4 ConocoPhillips expects to record a net earnings benefit of approximately $120M after-tax in 4Q12. The transaction is expected to close in 1Q13. Including this transaction, the company has announced total asset sales of approximately $12B since the beginning of 2012. Proceeds from these divestitures will be used for general corporate purposes and allow the company to continue executing its existing growth programs and capture new opportunities for the future.
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