ConocoPhillips Considers Selling Permian Assets Worth $2 Billion: Implications for Investors and the Permian Basin's Future

ConocoPhillips Considers Selling Permian Assets Worth $2 Billion: Implications for Investors and the Permian Basin's Future

In a move that underscores the ongoing consolidation and optimization in the U.S. oil industry, ConocoPhillips (COP) is reportedly exploring the sale of certain assets in the Permian Basin valued at approximately $2 billion. This development, first reported by Bloomberg, comes as the company seeks to streamline its portfolio following a series of major acquisitions. The assets in question, primarily located in the Delaware Basin subregion of the…

ConocoPhillips Considers Selling Permian Assets Worth $2 Billion, Bloomberg News Reports - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported on Friday, citing people familiar with the matter. The assets, picked up over the years through deals with Concho Resources and Shell, are expected to fetch about $2 billion, ...

ConocoPhillips considers selling Permian assets worth $2B

ConocoPhillips in its fourth-quarter earning release said it closed $3.2 billion in asset sales in 2025 and remains on track to meet its $5 billion disposition target by the end of 2026, as it streamlines its business.