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25.09.26 - 21:42
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Canada′s Oil Patch On Track For Biggest M&A Wave In A Decade (ZeroHedge)
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Canada's Oil Patch On Track For Biggest M&A Wave In A Decade
Authored by Alex Kimani via OilPrice.com,
Nearly a decade ago, the Canadian Oil Patch recorded a major asset sale and consolidation wave as oil majors exited the oil sands in favor of higher margins in U.S. shale oil as well as environmental concerns amid the ESG investing craze.
To wit, Shell Plc (NYSE:SHEL) sold the majority of its oil sands interests to Canadian Natural Resources Ltd. (NYSE:CNQ) in 2017 a transaction valued at roughly $11.1 billion CAD ($8.5 billion USD), while Cenovus Energy (NYSE:CVE) acquired most of ConocoPhillips' (NYSE:COP) Canadian assets for C$17.7 billion (approximately US$13.2 billion). And now a similar dynamic is unfolding across Canada's energy sector: Canada's oil patch has recorded over $30 billion in mergers and acquisitions so far in the current year, with Wall Street projecting that this year's final tally will surpass the $53 billion recorded in 2017. However, this year's M&A wave is funda...
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24.09.26 - 17:51
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ConocoPhillips to hold third-quarter earnings conference call on Thursday, Nov. 5 (Business Wire)
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Nov. 5, 2026, at 12:00 p.m. Eastern time to discuss third-quarter 2026 financial and operating results. The company's financial and operating results will be released before the market opens on Nov. 5.
To access the webcast, visit ConocoPhillips' Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day, with a transcript available the following day.
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About ConocoPhillips
As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing tec...
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20.09.26 - 20:27
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Big Oil Backs Mazama′s $135 Million Bet On Superhot Geothermal (ZeroHedge)
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Big Oil Backs Mazama's $135 Million Bet On Superhot Geothermal
Mazama Energy announced $135 million in new capital with an oversubscribed Series B that included ConocoPhillips and Shell Ventures. With Devon Energy initially backing Fervo in 2023, a pattern is emerging with oil and gas veterans placing their bets in the geothermal industry.
Some of the techniques developed by the O&G industry are translating well to geothermal projects. Horizontal drilling, well completions, and underground reservoir expertise are finding new purpose in an industry that is far more politically neutral than the fossil fuel industry ever could be.
Geothermal very well could be one of the AI-powered trades that is yet to be fully discovered. The Trump administration has thrown its full support behind the technology, as it holds some of the best qualities of nuclear energy without the [unfounded] radiation concerns.
Traditional geothermal, such as the established technology used by companies like Ormat, taps nat...
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18.09.26 - 17:00
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Exxon Eyes Venezuela Return Nearly Two Decades After Nationalization Exit (ZeroHedge)
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Exxon Eyes Venezuela Return Nearly Two Decades After Nationalization Exit
ExxonMobil is negotiating a return to Venezuela's Orinoco Belt, eyeing the Petromonagas heavy-oil project and neighboring Carabobo assets, Reuters reported Wednesday, citing people familiar with the matter. No deal has been finalized, and Exxon and state oil company PDVSA did not immediately respond to Reuters.
Petromonagas also has a Russian state-owned shareholder - though it remains unclear how that existing interest would affect any transaction.
The talks follow months of caution from Exxon's leadership. In January, CEO Darren Woods called Venezuela "uninvestable" under its then-existing legal and commercial framework and sought durable investment protections before returning. Exxon and ConocoPhillips had departed following the nationalization of their projects, while Chevron remained through agreements with PDVSA.
The wave of re-entries followed the capture of then-president Nicolas Maduro in January an...
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16.09.26 - 09:01
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ConocoPhillips Aktie: Ausbruch voraus!?! (Aktiencheck)
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Düsseldorf (www.aktiencheck.de) - ConocoPhillips-Chartanalyse von HSBC Trinkaus & Burkhardt:
Die Analysten von HSBC Trinkaus & Burkhardt nehmen in einer aktuellen Aktienanalyse die Aktie von ConocoPhillips Company (ISIN: US20825C1045, WKN: 575302, Ticker-Symbol: YCP, NYSE-Symbol: COP) charttechnisch unter die Lupe. [mehr]...
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15.09.26 - 16:39
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ConocoPhillips Aktie: Ölpreis liefert Rückenwind (Aktiencheck)
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HoustonZürich (www.aktiencheck.de) - ConocoPhillips-Aktienanalyse der UBS:
UBS habe das Kursziel für die Aktie von ConocoPhillips Company (ISIN: US20825C1045, WKN: 575302, Ticker-Symbol: YCP, NYSE-Symbol: COP) von 153 auf 169 USD angehoben und das "buy"-Rating bestätigt. Nach Einschätzung der Bank bleibe der Energiesektor attraktiv, da höhere Ölpreise die Bilanzen der Unternehmen stärken und zusätzliches Bewertungspotenzial eröffnen würden. [mehr]...
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