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Shell announces $9.5 billion sale of West Texas oil field assets to ConocoPhillips
Hannah Miao: MON, SEP 20 2021
- Oil giant Royal Dutch Shell announced a deal to sell the entirety of its Permian Basin assets to ConocoPhillips for $9.5 billion in cash.
- The sale is set to close in the fourth quarter this year, the companies said.
Oil giant Royal Dutch Shell announced Monday a deal to sell the entirety of its Permian Basin assets to ConocoPhillips.
ConocoPhillips is purchasing the West Texas business for $9.5 billion in cash, the companies said in a release.