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2001: Conoco makes its mark in Canada with the successful acquisition of Gulf Canada Resources Limited. Completed in record time, the deal becomes the largest oil and gas transaction in Canadian history.
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In July 2020, the company announced the acquisition of acreage in the Montney Formation in Canada for $375 million. [ 45][ 46][ 47] On 1 August 2020, Steinar Våge who has been with the ConocoPhillips company since 1988, was elected into the position of President for ConocoPhillips Europe, Middle East and North Africa.
Under the leadership of Leonard F. McCollum, Conoco grew from a regional company to a global corporation in the years after World War II. Another rough patch for the company came during the 1970s oil crisis, from which it did not recover until 1981, when Conoco became a subsidiary of former rival DuPont. [17] [18]
Nov 29, 2022 · ConocoPhillips Canada is the Canadian division of ConocoPhillips, the world’s largest independent exploration and production company based on production and proved reserves.
In 2001, Conoco purchased Gulf Canada for C$6.7 billion in what was then the largest oil and gas transaction in Canadian history. The company then became Conoco Canada Resources Limited. Since Conoco's merger with the Phillips Petroleum Company in 2002, the company has been called ConocoPhillips Canada Resources Limited.
Full-Year 2017 – Company generated $16 billion from dispositions of non-core assets, including Foster Creek & Christina Lake oil sands ventures, San Juan business unit & Western Canada gas holdings.
began in 1997 as a pilot project with the construct. from Surmont-1 began in 2007. In 2010. turally lowering costs, reducing greenhouse gas (GHG) emissions intensity, optimizing asset performance and commercial strategy. In 2021, ConocoPhillips signed a long-term commercial contract to proce.
