ConocoPhillips Reportedly Sells Stake In Rosneft JV, Exits Russia

摘要

ConocoPhillips (NYSE: COP) sold its stake in a joint venture (JV) with Russian state oil company Rosneft, exiting the country after more than 25 years, the Financial Times reported Dec. 22. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake in Lukoil, for $9.5 billion.