ConocoPhillips agreed to divest its Anadarko Basin assets to Flywheel Energy for $1.3 billion, extending a string of non-core sales aimed at trimming debt assumed in last year’s $22.5 billion Marathon Oil takeover and concentrating investment on higher-margin plays. The transaction is expected to close at the start of the fourth quarter and lifts proceeds from asset disposals beyond the company’s earlier $2 billion target, prompting management to raise the goal to $5 billion by 2026. The announcement accompanied stronger-than-expected second-quarter results. Adjusted earnings came in at $1.41 a share on revenue of $14.74 billion, beating analyst forecasts, while net income reached $1.97 billion. Output rose 23 percent from a year earlier to 2.39 million barrels of oil equivalent per day, helped by the Marathon assets. For the current quarter, ConocoPhillips projects production of 2.33 million to 2.37 million boe/d. Chief Executive Officer Ryan Lance said the portfolio reshaping and cost-control measures should generate more than $7 billion in additional free cash flow through 2029, supporting shareholder returns even as crude prices remain volatile. The shares edged higher in early trading after the earnings beat and strategic update.