Conoco has a minority interest in the Kashagan Field in the Caspian Sea and a pipeline in the region. In Western Canada, Conoco has oil and gas properties throughout Alberta, northeastern British Columbia and southern Saskatchewan. In late 2009, Houston-based Conoco announced a two-year plan to cut its debt with asset sales. At the end of 2010, the company had raised $7 billion from property sales, according to its annual filing with U.S. regulators. Shares of Conoco climbed 3.3 percent to $77.85 in afternoon trading on Monday.