COP · News · 20260901N
Acquisitions and Divestitures
CONOCOPHILLIPS · 2026-09-01 · Importance 58 · Surprise 42 · In source text
ConocoPhillips is considering selling selected Permian Basin assets for approximately $2 billion. The company is pursuing the potential sale as part of a portfolio-streamlining strategy. Proceeds would contribute toward ConocoPhillips’ broader $5 billion disposition target for the end of 2026, with strategic buyers and private-equity firms reportedly interested.
Key facts
- ConocoPhillips is working with advisers to find a buyer for the Permian assets. source
- ConocoPhillips is reportedly exploring the sale of some of its Permian Basin assets which could fetch around $2 billion. source
- Interest in ConocoPhillips's Permian assets is expected from both strategic players and private equity firms. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | probable | — | ConocoPhillips is working with advisers to find a buyer for the Permian assets. |
| revenue | negative | probable | — | ConocoPhillips is working with advisers to find a buyer for the Permian assets. |