ConocoPhillips Explores $2-Billion Sale of Permian Basin Assets

ConocoPhillips explores $2-billion sale of Permian basin assets

(World Oil) – ConocoPhillips is exploring a sale of some of its Permian basin assets as part of a broader streamlining of its portfolio, according to people familiar with the matter. The assets, picked up over the years through deals with Concho Resources Inc. and Shell Plc, are expected to fetch about $2 billion, the people said, asking not to be identified because the discussions are private. The properties lie in what’s known as the Delaware b

ConocoPhillips explores divestment of Permian Basin properties

ConocoPhillips is reportedly considering the sale of certain assets in the Permian Basin, US which may be valued at approximately $2bn.