The deal could come Monday, assuming talks don’t fall apart, the people said. It comes as Shell is attempting to cut its carbon emissions and invest more in renewable energy. Royal Dutch Shell PLC is close to a deal to sell assets in the Permian basin, the most active U.S. oil field, to ConocoPhillips for around $9.5 billion, according to people familiar with the matter.
The deal could come Monday, assuming talks don’t fall apart, the people said. It comes as Shell is attempting to cut its carbon emissions and invest more in renewable energy. The sale is one of the largest recent transactions in the shale patch as large oil companies come under increasing pressure to diversify outside of fossil fuels.
