ConocoPhillips has notified employees, partners and regulators that it is evaluating a potential sale of its Norway business and Teesside asset after receiving an unsolicited offer. This evaluation is consistent with the company's disciplined strategy to optimize and high-grade its portfolio. If we do not receive an offer that meets the company's expectations for value, ConocoPhillips will retain the assets.
Statement on Norway and Teesside
Earlier from Conocophillips
- ConocoPhillips: Safety and precision guide maintenance on Australia Pacific LNG Train 2
- ConocoPhillips to hold third-quarter earnings conference call on Thursday, Nov. 5
- ConocoPhillips announces planned leadership succession: Andy O’Brien named president and CEO, Ryan Lance to assume transitional executive chair role, Konnie Haynes-Welsh appointed CFO
- ConocoPhillips announces second-quarter 2026 results and quarterly dividend