Shell Announces $9.5 Billion Sale of West Texas Oil Field Assets to ConocoPhillips - NewsBreak

Oil giant Royal Dutch Shell announced a deal to sell the entirety of its Permian Basin assets to ConocoPhillips. ConocoPhillips is purchasing the West Texas business for $9.5 billion in cash, according to a press release. The sale is set to close in the fourth quarter this year, the companies...