ConocoPhillips Rules Out Participating In Alaska LNG Project; Says Willing To Sell Gas To The Developer
Portfolio Pulse from Benzinga Newsdesk
ConocoPhillips has decided not to participate in the Alaska LNG project but is open to selling gas to the project's developer.
May 29, 2024 | 2:49 pm
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NEUTRAL IMPACT
ConocoPhillips has decided not to participate in the Alaska LNG project but is open to selling gas to the project's developer.
ConocoPhillips' decision to not participate in the Alaska LNG project may have a neutral short-term impact on its stock price. While the company is not investing in the project, its willingness to sell gas to the developer indicates potential future revenue streams.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100