Wednesday, December 4, 2024

ConocoPhillips to Shed U.K. Oil Exploration Business

From The Wall Street Journal ConocoPhillips is exiting the oil exploration and production market in the U.K., the latest move by the company to refocus its portfolio. The company said Thursday it reached a deal to sell two subsidiaries that focus on production in the U.K.’s North Sea for about $2.68 billion in cash to Chrysaor E&P Ltd. ConocoPhillips has