ConocoPhillips acquires TotalEnergies' stake in Surmont oil sands asset

ConocoPhillips has exercised its preemption right to purchase the 50% interest in the Surmont asset held by TotalEnergies.TotalEnergies will receive a cash payment upon closing of C$4.03 billion ($3 billion) and additional payments that could reach a maximum of C$440 million ($325 million) under...