ConocoPhillips completes its $9.5bn purchase of Shell's Permian basin assets

Deal covers 225,000 acres in the prolific Permian basin

Done deal: ConocoPhillips has completed its acquisition of Shell's Permian basin assets for $9.5 billion — Done deal: ConocoPhillips has completed its acquisition of Shell's Permian basin assets for $9.5 billionPhoto: EOIN O'CINNEIDE/UPSTREAM

Jennifer Presley

Houston

USA ConocoPhillips Shell Texas Ryan Lance

Published 1 December 2021, 23:07Updated 4 December 2021, 17:02