ConocoPhillips Completes Sale of Interests in Australia-West
May 28, 2020
May 28, 2020
HOUSTON, Texas, May 28 -- ConocoPhillips, a producer of oil and gas resources, issued the following news release:
ConocoPhillips (NYSE: COP) announced the completion of the sale of its subsidiaries that hold its Australia-West assets and operations to Santos. The total consideration for the sale is unchanged; however, in connection with the closing, ConocoPhillips and Santos agreed to restructure the payments such that $125 million of the originally announced $1.39 billion upfront c . . .
ConocoPhillips (NYSE: COP) announced the completion of the sale of its subsidiaries that hold its Australia-West assets and operations to Santos. The total consideration for the sale is unchanged; however, in connection with the closing, ConocoPhillips and Santos agreed to restructure the payments such that $125 million of the originally announced $1.39 billion upfront c . . .