NYSE:COPOil and Gas
ConocoPhillips (COP) Valuation Check As US$2b Permian Asset Sale Is Considered After Marathon Oil Deal
ConocoPhillips (COP) is reportedly weighing a sale of Permian Basin assets worth about US$2 billion. The move is tied to its post Marathon Oil integration plan to streamline the portfolio and manage debt.
See our latest analysis for ConocoPhillips.
That potential US$2 billion Permian sale lands at a time when ConocoPhillips’ share price has pulled back slightly in the last week but still sits near recent highs, with a 30 day share price return of 12.38% and a 90 day gain of 26.23%. The 5 year...