ConocoPhillips Weighs Permian Sale As Willow And LNG Shift Cash Outlook

2026-03-08 00:21:51

ConocoPhillips is considering selling certain Permian Basin assets, valued around US$2 billion, to streamline its portfolio as it shifts focus from heavy project spending to harvesting cash from LNG and the Willow oil project. This move aims to free up capital, potentially boosting shareholder returns and free cash flow, though it may impact future production outlook. Investors should monitor the execution of the Permian sale, updated production guidance, and progress on the Willow and LNG projects, especially given geopolitical influences on oil prices.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes