Current COP Stock Info

ConocoPhillips sells stake in Rosneft joint venture
Five years ago, U.S. oil major ConocoPhillips (ticker: COP) sold its single largest asset in Russia, a stake in Lukoil (ticker: LKOH), for $9.5 billion.

Last week COP announced that it has sold its 50% stake in the Polar Lights joint venture with Russian state-owned oil company Rosneft (ticker: RNFTF), its last project in Russia. The recent sale ends ConocoPhillips’ quarter century stint in Russia.

ConocoPhillips was one of the first Western companies to invest in Russia following the f...


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