Conoco to Buy Full Control of Canadian Oil-Sands Site for $3 Billion, Thwarting Suncor

ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50% stake in the Surmont oil-sands field for as much as $3.33 billion, giving it full control of the Canadian operation and thwarting efforts by Suncor Energy Inc. to buy into the site. The purchase includes a $3 billion price tag and as much as $325 million … Read more

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