ConocoPhillips To Acquire 42% Stake In BP Energy Company Of Kirkuk; Financial Terms Not Disclosed
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 bought a big chunk of a BP oil project in Iraq called Kirkuk. When companies buy pieces of other companies' projects, it shows they think those projects will make money in the future.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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