ConocoPhillips (COP) is reportedly exploring the sale of Delaware Basin assets in the Permian for approximately US$2 billion, contributing to its US$5 billion divestment goal by 2026. This move is part of the company’s strategy to streamline its portfolio and align with its capital discipline and project-driven focus. While the sale reshapes ConocoPhillips’ asset base, the near-term focus remains on delivering production and cash generation targets, with investors cautioned about potential weakening asset sale conditions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Bull Case For ConocoPhillips (COP) Could Change Following Potential US$2 Billion Permian Asset Sale
ConocoPhillips (COP) is reportedly exploring the sale of Delaware Basin assets in the Permian for approximately US$2 billion, contributing to its US$5 billion divestment goal by 2026. This move is part of the company’s strategy to streamline its portfolio and align with its capital discipline and project-driven focus. While the sale reshapes ConocoPhillips’ asset base, the near-term focus remains on delivering production and cash generation targets, with investors cautioned about potential weakening asset sale conditions.