ConocoPhillips said on Thursday it agreed to sell its Anadarko Basin assets in Oklahoma to privately held Stone Ridge for $1.3 billion, continuing a strategy of exiting non-core acreage. The Houston-based producer said the divestiture will help reduce debt incurred after its recent Marathon Oil acquisition and allow it to shift capital toward higher-margin basins. Alongside the sale announcement, ConocoPhillips reported that its second-quarter earnings topped Wall Street estimates, underscoring management’s confidence in meeting full-year financial targets.