ConocoPhillips to Sell Gulf-Area Assets to Shell for $735 Million

Dow Jones
02/22

By Dean Seal

ConocoPhillips has agreed to sell two oilfields and a pipeline in the Gulf of Mexico to Shell subsidiaries for $735 million.

The Houston oil giant said Friday that it would sell the Ursa and Europa fields as well as the Ursa Oil Pipeline Company to Shell Offshore and Shell Pipeline Company. The deal includes an overriding royalty interest in the Ursa field.

Shell said in a separate release that with the deal, it is increasing its stake in the Ursa platform to 61.35%, a maximum limit, from 45.4%. ConocoPhillips said it would use proceeds from the sale for general corporate purposes.

The deal is expected to close by the end of the second quarter.

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

February 21, 2025 12:41 ET (17:41 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10