Search results
Results from the WOW.Com Content Network
In August 2017, the company sold its business in the San Juan Basin for $2.5 billion. [37] In May 2018, ConocoPhillips seized assets belonging to the Venezuelan state oil company PDVSA from the Isla refinery on Curaçao to collect on $2 billion owed since a 2007 court decision. [38]
Dividend boost: ConocoPhillips raised the quarterly dividend per share by 34% to $0.78, payable on December 2, 2024, to stockholders of record as of November 11, 2024.
ConocoPhillips , the world's largest independent energy exploration and production company by production and proved reserves, completed the sale of its Algeria business unit to Indonesia's state ...
ConocoPhillips's plans to acquire independent oil and gas producer Marathon Oil in an all-stock deal for $22.5 billion including debt continues a recent string of deals in the energy space.
"With its premier global asset base, strong balance sheet and laser focus on operational excellence, ConocoPhillips' track record of long-term investments, differentiated shareholder distributions ...
ConocoPhillips is less frequently counted as one of the Big Oil companies due to spinning off its downstream division into Phillips 66. [12] [41] Additionally, ConocoPhillips in 2022 ranked lower than any of the six major Big Oil companies on the Fortune Global 500, and its revenue was superseded by Phillips 66 in 2022. [42]
Cenovus was formed in 2009 when Encana Corporation split into two distinct companies, [4] with Cenovus becoming focused on oil sands assets.. In 2017, Cenovus purchased ConocoPhillips' 50 percent share of their Foster Creek Christina Lake (FCCL) oil sands projects and most of their conventional assets in Alberta and British Columbia, including the Deep Basin.
As part of its 2012-2013 asset distribution program, ConocoPhillips announced today it has agreed to sell its Algerian business unit to Indonesian state-owned oil and gas company Pertamina for $1. ...