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Update: Market Chatter: ConocoPhillips Weighs Sale of Oklahoma Oil, Gas Assets Worth Over $1 Billion
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Update: Market Chatter: ConocoPhillips Weighs Sale of Oklahoma Oil, Gas Assets Worth Over $1 Billion
Apr 2, 2025 7:16 AM

09:50 AM EDT, 04/02/2025 (MT Newswires) -- (Updates with ConocoPhillips' ( COP ) reply.)

ConocoPhillips ( COP ) is considering selling the Oklahoma oil and gas assets it inherited from its takeover of Marathon Oil last year, Reuters reported Wednesday, citing people familiar with the matter.

The assets, located in the Anadarko basin, are expected to fetch over $1 billion, the people reportedly told Reuters.

ConocoPhillips ( COP ) declined to comment when contacted by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 104.94, Change: -0.45, Percent Change: -0.43

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