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Shell to quit Permian in US$9.5B sale to Conoco

Conoco free cash flow to rise to $1.9B

Jonathon Davidson
Oil and gas infrastructure in the Permian Basin (unrelated)

Oil and gas infrastructure in the Permian Basin (unrelated)

The sale to Texan ConocoPhillips marks Shell's exit from the onshore US Permian Basin altogether.  In contrast, the deal represents an increase of Permian Basin activity for ConocoPhillips who last...

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