ConocoPhillips (COP) is reportedly exploring the sale of some Permian Basin assets, which are expected to generate approximately $2 billion. This move is part of a broader portfolio streamlining effort by the company. Following the news, shares of ConocoPhillips were trading 0.8% lower in afternoon trading.
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ConocoPhillips exploring sale of $2B in Permian Basin assets, Bloomberg says
ConocoPhillips (COP) is reportedly exploring the sale of some Permian Basin assets, which are expected to generate approximately $2 billion. This move is part of a broader portfolio streamlining effort by the company. Following the news, shares of ConocoPhillips were trading 0.8% lower in afternoon trading.