ConocoPhillips to put up notes to finance $3 billion purchase of oil sands plant in Canada

ConocoPhillips to offer notes to fund $3 billion Surmont oil facility  buyout | Reuters


ConocoPhillips plans to offer notes to raise money for its acquisition of the remaining 50% stake in Surmont oil facility in Canada. The stake is worth $3 billion, according to a filing made by the oil gas producer now headquartered in Houston, Texas.

The company, with operations throughout Oklahoma, did not reveal how much it hoped to raise through the notes reported Reuters.

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