secwatch.observer — SEC 8-K summary
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Issuer:     CONOCOPHILLIPS (COP)
CIK:        0001163165
Form:       8-K
Filed at:   2021-12-02T23:59:59+00:00
Accession:  0001104659-21-145670
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163165/000110465921145670/0001104659-21-145670-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163165/000110465921145670/tm2134322d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-145670

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer