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HOUSTON — ConocoPhillips said Wednesday that it would sell 600 company-owned gasoline stations in the United States to PetroSun West for $800 million, completing the oil major’s exit from the low-margin, highly competitive retail business.
ConocoPhillips, which operates the Phillips 66, Conoco and 76 brands in the western and central United States, is the latest big oil company to sell its service stations.