Market Chatter: ConocoPhillips Weighs Sale of Oklahoma Oil, Gas Assets Worth Over $1 Billion

MT Newswires Live

2025/04/02

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 did not immediately reply to a request for comment from 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.)

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