---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-145670"
form_type: "8-K"
ticker: "COP"
cik: "0001163165"
company_name: "CONOCOPHILLIPS"
filed_at: "2021-12-02T23:59:59+00:00"
generated_at: "2026-06-28T04:04:27.846308+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ConocoPhillips completes $9.5B Permian asset acquisition from Shell, effective July 1

## Summary
- Base purchase price $9.5B cash; after closing adjustments, cash paid ~$8.6B.
- Acquired ~225,000 net acres and over 600 miles of pipelines in Texas Permian Basin.
- Expected 2022 production from assets ~200 MBOED, roughly half operated.
- Effective date July 1, 2021; acquisition closed December 1, 2021.
- CEO Ryan Lance says deal meets cost of supply framework and improves 10-year plan.

## SEC filing metadata
- accession: 0001104659-21-145670
- form_type: 8-K
- ticker: COP
- cik: 0001163165
- company_name: CONOCOPHILLIPS
- filed_at: 2021-12-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163165/000110465921145670/0001104659-21-145670-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163165/000110465921145670/tm2134322d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-145670
- JSON: https://secwatch.observer/filing/0001104659-21-145670.json
- Plain text: https://secwatch.observer/filing/0001104659-21-145670.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.