ConocoPhillips Provides Notice That It is Exercising Its Preemption Right to Purchase the Remaining 50% Interest in Surmont
May 27, 2023
May 27, 2023
HOUSTON, Texas, May 27 -- ConocoPhillips, a producer of oil and gas resources, issued the following news release on May 26, 2023:
ConocoPhillips (NYSE: COP) today announced that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (CAD$4 billion), subject to customary adjustments, as well as contingent payments of up to approximately $325 million (CAD$440 million). ConocoPhillips curren . . .
ConocoPhillips (NYSE: COP) today announced that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (CAD$4 billion), subject to customary adjustments, as well as contingent payments of up to approximately $325 million (CAD$440 million). ConocoPhillips curren . . .