ConocoPhillips Eyes Two Billion Dollar Permian Asset Sale
ConocoPhillips plans to sell Permian Basin assets worth $2 billion to streamline its portfolio. The holdings were previously bought from Shell and Concho.
Insights:
ConocoPhillips is exploring the sale of certain Permian Basin assets that are expected to fetch about $2 billion, according to a report from Bloomberg News on February 20, 2026. The potential sale is currently under discussion and is viewed as part of a broader portfolio streamlining effort by the company.
