ConocoPhillips Completes Purchase of Remaining 50% Interest in Surmont
October 05, 2023
October 05, 2023
HOUSTON, Texas, Oct. 5 -- ConocoPhillips, a producer of oil and gas resources, issued the following news release on Oct. 4, 2023:
ConocoPhillips (NYSE: COP) today announced that it has completed the purchase of the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion cash (CAD$3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (CAD$0.4 billion). ConocoPhillips now owns 100% o . . .
ConocoPhillips (NYSE: COP) today announced that it has completed the purchase of the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion cash (CAD$3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (CAD$0.4 billion). ConocoPhillips now owns 100% o . . .