ConocoPhillips Completes Sale of Lukoil Stake

MOSCOW (Dow Jones Newswires), Feb. 8, 2011

U.S. oil major ConocoPhillips has completed the sale of its remaining stake in Lukoil, selling over 6% of shares in the company on the open market since Sep. 26, the Russian oil producer said Tuesday.

The U.S. company had earlier in the year said it would begin shedding its near-20% stake in Lukoil as part of a major restructuring program, marking an end to one of the premier international investments into Russia's oil and gas sector.

Copyright (c) 2011 Dow Jones & Company, Inc.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Executive Assistant
Expertise: Executive
Location: Houston, TX
Regional Sales Executive
Expertise: Business Development|Sales
Location: Jacksonville, FL
Land Representative - MCBU Midland Surface
Expertise: Landman
Location: Midland, TX
search for more jobs

Brent Crude Oil : $49.3/BBL 0.80%
Light Crude Oil : $46.79/BBL 0.70%
Natural Gas : $3.04/MMBtu 0.97%
Updated in last 24 hours