ConocoPhillips considers selling Permian assets worth $2 billion, Bloomberg News reports
ReutersFeb 20, 2026 7:19 PM
Feb 20 (Reuters) - ConocoPhillips COP.N is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported on Friday, citing people familiar with the matter.
The assets, picked up over the years through deals with Concho Resources and Shell SHEL.L, are expected to fetch about $2 billion, the report added.
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