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Stock impact report

ConocoPhillips Looks to Sell Assets in the Permian Basin [Yahoo! Finance]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
ConocoPhillips (NYSE: COP ) is included among the 14 Best LNG Stocks to Buy Now ConocoPhillips Looks to Sell Assets in the Permian Basin ConocoPhillips (NYSE:COP) is one of the world's largest independent E&P companies based on oil and natural gas production and proved reserves. A Bloomberg report on February 20 revealed that ConocoPhillips (NYSE:COP) is exploring the sale of some of its Permian Basin assets as part of its efforts to streamline its portfolio. The assets were acquired over the years through deals with Concho Resources and Shell and are expected to fetch around $2 billion. The oil and gas major is working with advisers to find an acquiring party, with interest expected from strategic as well as private equity investors. ConocoPhillips (NYSE:COP) reported during its Q4 2025 earnings call that it closed over $3 billion in asset sales in 2025 to help streamline its business, with $1.6 billion in proceeds received in the fourth quarter. The company doubled its dive Show less Read more
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