ConocoPhillips set to sell Canadian assets for $2B
February 21, 2017
Energy Exploration | Houston, TX | Corporate Asset Divestiture
ConocoPhillips (NYSE: COP) has elected to divest its natural gas assets in Canada in a move that could land the debt-saddled oil & gas giant $2 billion, according to Reuters. A sale would extend an initiative started in November by ConocoPhillips to offload some $8 billion in assets throughout North America. The company's stock ended Friday down about 2%, closing at $47.51.