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Shell nears deal to sell Texas shale assets to ConocoPhillips for $9.5 billion


© Reuters. FILE PHOTO – A Shell logo can be seen in a gas station, Buenos Aires (Argentina), March 12, 2018. REUTERS/Marcos Brindicci/File Photo

(Reuters) – Royal Dutch Shell (LON:) is nearing a deal to sell its stake in the largest U.S. oil field to ConocoPhillips (NYSE:) for $9.5 billion, the Wall Street Journal reported, citing people familiar with the matter.

Shell did not respond to the WSJ’s report.

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