ConocoPhillips Exercising Preemption Right To Purchase The Remaining 50% Interest In Surmont

ConocoPhillips is exercising its preemption right to purchase the remaining 50 per cent interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (C$4 billion), subject to customary adjustments, as well as contingent payments of up to approximately $325 million (C$440 million).

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