By Sabela Ojea
ConocoPhillips has received exemptions from certain Canadian securities regulations, which it had become subject to following its acquisition of Marathon Oil last year.
The oil giant on Friday said that Canadian securities regulatory authorities granted it an exemptive relief from the requirements for oil and gas activities. The combined company will now only have to disclose its activities in accordance with U.S. Securities and Exchange Commission rules.
In May, Conoco agreed to buy rival oil explorer Marathon Oil in an all-stock deal valued at $17.1 billion in a bid to catch up with rivals as drillers race to secure increasingly scarce new prospects. The acquisition closed in November.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 14, 2025 17:55 ET (22:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。