ConocoPhillips eyes sale of Oklahoma assets worth over $1 billion, sources say [Yahoo! Finance Canada]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance Canada
The energy producer has hired investment bank Moelis & Co to run the sale process for the assets, the sources said, adding that the talks are at an early stage and a deal is not guaranteed. The assets, which comprise operations in the Anadarko basin that spans about 300,000 net acres, are expected to fetch a price of more than $1 billion, the sources said, requesting anonymity as the deliberations are confidential. The Anadarko assets produce around 39,000 barrels of oil equivalent per day, of which about half is natural gas, two of the sources said. Potential buyers include producers who are betting on a surge in demand for natural gas from power generation for data centers, another of the sources added. ConocoPhillips and Moelis declined to comment. A deal would help ConocoPhillips achieve its target of raising $2 billion by offloading non-core assets. Houston-based ConocoPhillips, which took on about $5.4 billion of Marathon's debt as part of the acquisition, has already
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News
- ConocoPhillips (NYSE:COP) had its "buy" rating reaffirmed by analysts at Jefferies Financial Group Inc..MarketBeat
- 3 Reasons to Buy ConocoPhillips Stock Like There's No Tomorrow [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (COP) Valuation Check as Shares Grind Higher but Trail Over the Past Year [Yahoo! Finance]Yahoo! Finance
- How strong is U.S. shale for 2026? [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (NYSE:COP) had its "buy" rating reaffirmed by analysts at UBS Group AG.MarketBeat
COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 12/3/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- COP's page on the SEC website