ConocoPhillips announces 2 deals, a $1.36 billion sales of assets and an up to $1.65 purchase

ConocoPhillips announces 2 deals, a $1.36 billion sales of assets and an up to $1.65 purchase
·1 min read

Shares of ConocoPhillips edged up 0.2% in morning trading, after the announced two deals Wednesday related to its Asia-Pacific portfolio of assets, one for the sale of assets for $1.36 billion and the other to increase and investment by up to $1.65 billion. The oil and gas company said it has agreed to sell its subsidiary that indirectly owns it 54% stake in the Indonesia Corridor Block Production Sharing Contract and a 35% interest in the Transasia Pipeline Company to MedcoEnergi for $1.355 bil

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