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ConocoPhillips to acquire TotalEnergies 50% stake in Canadian oil sands field for over $3 billion

Taking full control of Surmont’s low-cost production helps ConocoPhillips Chief Executive Officer Ryan Lance meet a commitment to return $11 billion in cash to shareholders this year by letting the company generate free cash flow at even lower crude prices.
Franche Comtér New York United States Ryan Lance Phil Skolnick Houston Based Conocophillips

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