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COP claims sale

  1. 18 Posts.
    Looks like COP has claimed the sale ... pressures on for resolution??

    http://oilprice.com/Latest-Energy-N...-Beats-2016-Asset-Sales-Target-Reaps-13B.html

    ConocoPhillips Beats 2016 Asset Sales Target, Reaps $1.3B
    By Tsvetana Paraskova - Dec 14, 2016, 4:31 PM CST
    ConocoPhillips (NYSE:COP) said on Wednesday that it had completed its 2016 asset sales program, generating US$1.3 billion from disposals, more than the US$1-billion in proceeds it had targeted.

    ConocoPhillips will book some US$800 million of the proceeds from asset sales in the fourth quarter, mostly interests in Senegal, Indonesia, and iron ore assets in the North Cook Inlet and Minnesota. The production for 2016 associated with this year’s asset sales is 27,000 barrels of oil equivalent per day.
 
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