Stock Groups

ConocoPhillips to sell Indonesia assets for over $1 billion -Breaking

© Reuters.

(Reuters) – ConocoPhillips, an oil and gas producer (NYSE:), announced Wednesday that it will sell Indonesian assets to MedcoEnergi for $1.355 Billion.

ConocoPhillips stated that it had also exercised its rights to buy up to a 10% shareholding in Australia Pacific LNG from Origin Energy, for up to $1.645 million.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.