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ConocoPhillips acquired Shell’s assets in the Delaware Basin for US$9.5 billion

 Last Update: 2021-12-24
 Source: Internet
 Author: User

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Sinochem News reported on December 2 that ConocoPhillips completed the acquisition of Shell’s assets in the Delaware Basin for US$9.

Chairman and CEO Ryan Lance said: "This transaction has three key advantages: it complies with our strict supply cost framework; we have found ways to improve asset efficiency; this transaction makes our 10-year plan better

Lance continued: "The completion of this acquisition has brought an end to our extraordinary year and has greatly strengthened our company as we move towards 2022.

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