NYSE:COPOil and Gas
The Bull Case For ConocoPhillips (COP) Could Change Following Potential US$2 Billion Permian Asset Sale
In February 2026, reports indicated that ConocoPhillips was exploring the sale of certain Delaware Basin assets in the Permian, potentially raising about US$2.00 billion as part of a broader effort to streamline its portfolio after recent acquisitions.
The potential divestment forms a meaningful portion of the company’s increased US$5.00 billion asset-sale goal by 2026, highlighting an emphasis on portfolio high-grading and capital discipline.
Next, we’ll examine how this potential US$2.00...