Conoco-Shell Deal Shows Split Between U.S. and European Oil

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European and American oil companies are taking very different approaches to the future of energy.

ConocoPhillips (ticker: COP) has made one of the largest deals in energy in the past year, agreeing to buy Royal Dutch Shell‘s (RDS.B) assets in the Permian Basin for $9.5 billion in cash.

Conoco is obtaining roughly 225,000 acres and producing…

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