ConocoPhillips Agrees To Terms With Bp To Acquire 42% Interest In BP Energy Company Of Kirkuk; Terms Undisclosed
ConocoPhillips (NYSE:COP) today announced it has agreed to terms with bp to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL), supporting the ongoing redevelopment of four large-scale, currently
ConocoPhillips is buying a big piece of an oil project in Iraq that BP owns. This shows the company is spending money to grow its oil business, which tells us management thinks energy demand will stay strong.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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