ConocoPhillips announced that Ryan Lance will retire after 14 years as the top boss and be succeeded by his financial chief Andy O’Brien next month.
BP Plc said ConocoPhillips will acquire 42% of its stake in a venture that’s redeveloping Iraq’s giant Kirkuk oil fields. This project marks a significant revival effort for the OPEC heavyweight, which has seen output decline since the Iran war began.
ConocoPhillips will acquire a 42% stake in BP's contract to redevelop Iraq's supergiant Kirkuk oilfield. This move comes as US groups return to Iraq to counter China's growing influence over the OPEC member.
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ConocoPhillips to buy 42% stake in BP unit tied to Iraq's Kirkuk oilfields