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Energy
Posted: Feb 14, 2022 7:27 AMUpdated: Feb 14, 2022 7:27 AM
ConocoPhillips Reported to be Weighing $1 Billion Sale of Permian Assets
Tom Davis
A report by Bloomberg suggests ConocoPhillips is weighing the prospects of selling its more than $1 billion in operations in the Permian Basin.
The company is not commenting publicly about the report but Bloomberg claims ConocoPhillips is working with an adviser to run an auction process for the assets.
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