Oil giant ConocoPhillips will sell its Nigerian businesses for about $1.79 billion to Oando Energy Resources Inc. Oando Energy, which is focused on oil exploration and production in Nigeria and the Gulf of Guinea, said it paid $435 million in cash to ConocoPhillips when it signed the deal.
ConocoPhillips explores for, produces, transports and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis. Shares of COP traded higher by 0.14% or $0.08/share to $59.28. In the past year, the shares have traded as low as $50.62 and as high as $78.29. On average, 6007250 shares of COP exchange hands on a given day and today's volume is recorded at 7090103.
Source
