ConocoPhillips is seeking to sell an additional $5 billion to $10 billion in assets in the next two years, The Wall Street Journal reports. The U.S. energy company’s potential new asset sales include nonstrategic assets in the North Sea and additional mature assets in the U.S. and Canada. The Texas-based company intends to use the proceeds from sale to fund its $10 billion share-repurchase program and capital-spending programs. ConocoPhillips plans $13.5 billion of capital spending this year, while it aims to invest $14 billion to $15 billion a year from 2012 to 2015.

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