Staying Informed

ConocoPhillips Completes Sale of Algeria Business Unit

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced it has completed the transaction with Pertamina for the sale of its Algeria business unit for a total sales price of $1.75 billion, which resulted in proceeds of $1.65 billion, including customary adjustments. “We are pleased to complete this transaction with Pertamina,” said Don Wallette, executive vice president, Commercial ...
 
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