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   DOW JONES NEWSWIRES 
 

ConocoPhillips (COP) sold its 50% stake in a truck-stop joint venture with Flying J Inc. for $626 million to a large privately held player in the motorist center market.

Conoco said the sale, which includes a long-term fuel supply agreement, to Pilot Travel Centers fits with its U.S. marketing strategy to minimize its ownership of motor-fuel stations while securing long-term markets for the oil company's refined products.

The company is in the midst of a major restructuring program aimed at $10 billion in divestitures over the next two years, designed to reduce debt and steady its financial profile.

ConocoPhilips shares were down 0.1% at $49.06 in after-hours trading.

-By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com