ConocoPhillips Sells Oil and Gas Assets to Cenovus for $13.3 Billion

Reuters

ConocoPhillips on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy $13.3 billion, making it the latest international oil major to turn away from the tar sands region, as oil prices remain historically low and energy companies come under  pressure to reduce their carbon impact.

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