NYSE:COPOil and Gas
ConocoPhillips Permian Sale Review Highlights Portfolio High Grading And Cash Goals
ConocoPhillips (NYSE:COP) is reportedly weighing the sale of certain Permian Basin assets in a potential US$2b transaction.
The assets under review sit within one of the most active US shale regions, drawing interest from both industry buyers and private equity firms.
The move is described as part of a broader effort by the company to streamline its portfolio and adjust its asset mix.
For you as an investor, the Permian sits at the heart of US shale oil and gas activity, and ConocoPhillips...