ConocoPhillips Sells Anadarko Basin Assets for $1.3 Billion
PorAinvest
jueves, 7 de agosto de 2025, 3:21 pm ET1 min de lectura
COP--
The sale is part of ConocoPhillips' strategic portfolio shift, aiming to optimize its Lower 48 portfolio. The company has already raised more than $2 billion in proceeds from asset sales and increased its total disposition target to $5 billion by year-end 2026 [2].
In the second quarter, ConocoPhillips reported strong financial results, with $2.0 billion in net income, or $1.56 per share, and adjusted earnings of $1.8 billion, or $1.42 per share. The company's production for the quarter averaged 2.391 million barrels of oil equivalent per day (boe/d), up 446 MMboe/d from the same period last year [3].
Despite the strong production numbers, earnings fell from the year-ago period due to lower commodity prices and higher costs. The company’s average realized price was $45.77 per BOE, down 19% from Q2 2024 [3].
The sale of the Anadarko Basin assets is expected to help ConocoPhillips reduce debt and focus on higher-margin basins. The company has already disposed of assets worth more than $1 billion since the Marathon Oil acquisition and aims to generate over $7 billion in incremental free cash flow by 2029 [2].
Looking ahead, ConocoPhillips expects Q3 production between 2.33 and 2.37 MMboe/d and maintained its full-year guidance of 2.35 to 2.37 MMboe/d, even after accounting for announced and closed divestitures [3].
References:
[1] https://www.reuters.com/business/energy/conocophillips-sell-anadarko-assets-13-bln-profit-beats-estimates-2025-08-07/
[2] https://finance.yahoo.com/news/conocophillips-beats-second-quarter-profit-111002694.html
[3] https://www.worldoil.com/news/2025/8/7/conocophillips-to-sell-anadarko-basin-assets-for-1-3-billion-in-strategic-portfolio-shift/
ConocoPhillips has agreed to sell its Lower 48 Assets in the Anadarko Basin to an undisclosed buyer for $1.3 billion. The transaction is subject to customary closing adjustments and is expected to complete in Q4 2025. The buyer will pay a cash consideration of $1.3 billion for the assets.
ConocoPhillips (COP.N) has agreed to sell its Lower 48 assets in the Anadarko Basin to an undisclosed buyer for $1.3 billion. The transaction is subject to customary closing adjustments and is expected to complete in Q4 2025. The buyer will pay a cash consideration of $1.3 billion for the assets [1].The sale is part of ConocoPhillips' strategic portfolio shift, aiming to optimize its Lower 48 portfolio. The company has already raised more than $2 billion in proceeds from asset sales and increased its total disposition target to $5 billion by year-end 2026 [2].
In the second quarter, ConocoPhillips reported strong financial results, with $2.0 billion in net income, or $1.56 per share, and adjusted earnings of $1.8 billion, or $1.42 per share. The company's production for the quarter averaged 2.391 million barrels of oil equivalent per day (boe/d), up 446 MMboe/d from the same period last year [3].
Despite the strong production numbers, earnings fell from the year-ago period due to lower commodity prices and higher costs. The company’s average realized price was $45.77 per BOE, down 19% from Q2 2024 [3].
The sale of the Anadarko Basin assets is expected to help ConocoPhillips reduce debt and focus on higher-margin basins. The company has already disposed of assets worth more than $1 billion since the Marathon Oil acquisition and aims to generate over $7 billion in incremental free cash flow by 2029 [2].
Looking ahead, ConocoPhillips expects Q3 production between 2.33 and 2.37 MMboe/d and maintained its full-year guidance of 2.35 to 2.37 MMboe/d, even after accounting for announced and closed divestitures [3].
References:
[1] https://www.reuters.com/business/energy/conocophillips-sell-anadarko-assets-13-bln-profit-beats-estimates-2025-08-07/
[2] https://finance.yahoo.com/news/conocophillips-beats-second-quarter-profit-111002694.html
[3] https://www.worldoil.com/news/2025/8/7/conocophillips-to-sell-anadarko-basin-assets-for-1-3-billion-in-strategic-portfolio-shift/
Divulgación editorial y transparencia de la IA: Ainvest News utiliza tecnología avanzada de Modelos de Lenguaje Largo (LLM) para sintetizar y analizar datos de mercado en tiempo real. Para garantizar los más altos estándares de integridad, cada artículo se somete a un riguroso proceso de verificación con participación humana.
Mientras la IA asiste en el procesamiento de datos y la redacción inicial, un miembro editorial profesional de Ainvest revisa, verifica y aprueba de forma independiente todo el contenido para garantizar su precisión y cumplimiento con los estándares editoriales de Ainvest Fintech Inc. Esta supervisión humana está diseñada para mitigar las alucinaciones de la IA y garantizar el contexto financiero.
Advertencia sobre inversiones: Este contenido se proporciona únicamente con fines informativos y no constituye asesoramiento profesional de inversión, legal o financiero. Los mercados conllevan riesgos inherentes. Se recomienda a los usuarios que realicen una investigación independiente o consulten a un asesor financiero certificado antes de tomar cualquier decisión. Ainvest Fintech Inc. se exime de toda responsabilidad por las acciones tomadas con base en esta información. ¿Encontró un error? Reportar un problema
Comentarios
Aún no hay comentarios