- Barrons.com•38 minutes ago
Shares of energy giant ConocoPhillips are rightfully soaring on news that it will reduce its stake in Canadian oil sands. Late Wednesday, ConocoPhillips (COP) said that it was selling the majority of its western Canada Deep Basin gas assets, along with its 50% stake in the Foster Creek Christina Lake oil sands to Cenovus Energy (CVE) in a $13.3 billion cash-and-stock deal expected to close in the second quarter. Conoco said it would use the funds from the sale to pay down debt and increase its share repurchase program, allotting $3 billion for this year alone.
- TheStreet.com•55 minutes ago
ConocoPhillips shares were up nearly 8% Thursday afternoon.
- Investopedia•2 hours ago
U.S. stocks pared gains in early afternoon trading on Thursday as investors sought fresh triggers in the run up to the first-quarter earnings.
COP : Summary for ConocoPhillips Common Stock - Yahoo Finance
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