Shell signs agreement to sell permian interest for $9.5 billion to conocophillips

Houston (september 20, 2021) − shell enterprises llc, a subsidiary of royal dutch shell plc, has reached an agreement for the sale of its permian business to conocophillips, a leading shales developer in the basin, for $9.5 billion in cash. the transaction will transfer all of shell's interest in the permian to conocophillips, subject to regulatory approvals.
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