The Bull Case For ConocoPhillips (COP) Could Change Following Potential US$2 Billion Permian Asset Sale

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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.

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