Conoco-Shell Deal Shows the Split Between European and U.S. Oil

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Updated Sept. 20, 2021 5:30 p.m. ET / Original Sept. 20, 2021 5:24 p.m. ET

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European and American lipid companies are taking precise antithetic approaches to the aboriginal of energy.

ConocoPhillips (ticker: COP) has made 1 of the largest deals successful vigor successful the past year, agreeing to buy Royal Dutch Shell‘s (RDS.B) assets successful the Permian Basin for $9.5 cardinal successful cash.

Conoco is obtaining astir 225,000 acres and producing...

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