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American Focus > Blog > Economy > ConocoPhillips Looks to Sell Assets in the Permian Basin
Economy

ConocoPhillips Looks to Sell Assets in the Permian Basin

Last updated: February 27, 2026 4:05 am
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ConocoPhillips Looks to Sell Assets in the Permian Basin
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ConocoPhillips (NYSE:COP) has recently been recognized as one of the “14 Best LNG Stocks to Buy Now” by Insider Monkey. The company, known as one of the world’s largest independent E&P companies, is making headlines with its strategic moves in the industry.

A recent report from Bloomberg revealed that ConocoPhillips is looking to sell some of its assets in the Permian Basin as part of its portfolio optimization efforts. These assets, acquired through deals with Concho Resources and Shell, are expected to garner around $2 billion. The company is currently working with advisers to find potential buyers, with interest coming from both strategic and private equity investors.

During its Q4 2025 earnings call, ConocoPhillips announced that it had closed over $3 billion in asset sales in 2025, with $1.6 billion in proceeds received in the fourth quarter alone. The company has set a divestiture target of $5 billion by the end of 2026 and is on track to meet this goal. This strategic streamlining of its business is aimed at enhancing efficiency and maximizing shareholder value.

In addition to being recognized as one of the top LNG stocks to buy, ConocoPhillips was also recently featured in Insider Monkey’s list of the “10 Best American Oil and Gas Stocks to Buy.” While the company’s potential as an investment is acknowledged, there are other opportunities in the market that offer greater upside potential with less downside risk.

For investors looking for undervalued stocks with significant growth potential, a focus on AI stocks may be worthwhile. Insider Monkey’s free report on the “best short-term AI stock” highlights an overlooked opportunity that could benefit from current market trends.

See also  Expecting Continued Earnings Momentum in 2026

In conclusion, ConocoPhillips continues to make strategic moves in the industry to optimize its portfolio and enhance shareholder value. With a strong track record and a focus on efficiency, the company remains a key player in the energy sector. Investors looking for opportunities in the market should consider the potential of AI stocks alongside established industry leaders like ConocoPhillips.

Disclosure: None. Follow Insider Monkey on Google News.

TAGGED:AssetsBasinConocoPhillipsPermiansell
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