Shell exits Permian with $9.5 bln Texas shale sale to ConocoPhillips
September 21, 2021 at 01:44 AM EDT
Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.