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11 months ago

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ConocoPhillips to buy rest of Canada's Surmont oil site, bumping Suncor

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ConocoPhillips to buy rest of Canada's Surmont oil site, bumping Suncor

ConocoPhillips said on Friday it was buying the 50% stake in the Surmont oil facility held by TotalEnergies' Canadian subsidiary for about $3 billion, giving it full ownership and elbowing away rival Suncor Energy.

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ConocoPhillips to buy rest of Canada's Surmont oil site, bumping Suncor

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ConocoPhillips to buy rest of Canada's Surmont oil site, bumping Suncor

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