Tag: ConcoPhillips

ConocoPhillips Considers Selling Permian Assets Worth $2 Billion: Implications for Investors and the Permian Basin\’s Future

Clark Savage8

In a move that underscores the ongoing consolidation and optimization in the U.S. oil industry, ConocoPhillips (COP) is reportedly exploring the sale of certain assets in the Permian Basin valued at approximately $2 billion. This development, first reported by Bloomberg, comes as the company seeks to streamline its portfolio following a series of major acquisitions. […]

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The Trump Administration Opens Massive Oil and Gas Lease Expansion: Who Are the Players?

Clark Savage6

In a bold move to revitalize American energy production, the Trump administration has unveiled a sweeping offshore oil and gas leasing schedule through the Department of the Interior (DOI). Announced on August 19, 2025, this initiative marks a stark reversal from the restrictive policies of the previous Biden administration, aiming to unleash domestic resources and […]

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