ConocoPhillips Announces Stake Acquisition in Iraqi Oil Fields

On July 18, ConocoPhillips (NYSE: COP) announced it agreed with BP to acquire a 42% stake in the Kirkuk oil fields located in northern Iraq. The deal is expected to be finalized during an official visit by Iraq's Prime Minister Ali al-Zaidi to Washington, D.C., and CEO Ryan Lance highlighted its alignment with ConocoPhillips' investment strategy.

By Eric Volkman, The Motley Fool Sat, July 18, 2026 at 2:56 AM GMT+3 2 min read · Yahoo Finance · July 17, 2026, 23:56 UTC

Tickers: $COP

Topics: Energy Sector Mergers & Acquisitions Stock Movement

Read the full article at Yahoo Finance

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