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In September 2021, ConocoPhillips announced it would buy all of Royal Dutch Shell PLC's assets in the Permian basin for around $9.5 billion in cash. [ 57 ] In June 2022, ConocoPhillips became one of the stakeholders in the joint venture with QatarEnergy for the North Field East (NFE) expansion, holding 3.125%, as well as holding 6.25% stakes in ...
The legacy company kept its name, and spun off the midstream and downstream portions of its business. [3] The new company, which owns the refinery, chemical and pipeline assets formerly held in ConocoPhillips, is named Phillips 66, the brand name and trademark used by the original Phillips Petroleum from 1930 until the 2002 ConocoPhillips ...
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 ...
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. ...
"ConocoPhillips is the right home to build on that legacy, offering a truly unique combination of added scale, resilience and long-term durability," Tillman said.
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.
In 2012 ConocoPhillips spun off its downstream and midstream assets as a new independent energy company, Phillips 66, which still operates the Ferndale Refinery. ConocoPhillips became the second company to abandon the vertically integrated model, following Marathon Oil Corporation’s decision to spin off its downstream assets in 2011.
America's top independent oil and gas company, ConocoPhillips , is scheduled to deliver its fourth-quarter and full-year earnings on Thursday. Along with providing details about recent operations ...
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