Houston-based ConocoPhillips is selling its two UK subsidiaries to private equity-backed Chrysaor E&P Limited for $2.675 billion plus interest. : Houston-based supermajor ConocoPhillips is selling its two UK subsidiaries to private equity-backed Chrysaor E&P Limited for $2.675 billion plus interest, the company announced Thursday. The subsidiaries hold ConocoPhillips’ UK exploration and production assets as well as decommissioning liabilities. There was talk of ConocoPhillips selling its assets to Chrysaor in early April. This comes after ConocoPhillips failed to sell the assets to UK-based chemicals company Ineos last year.