ConocoPhillips joins US firms signing $60 billion in Iraqi deals

Corporate ActionGeopolitics Impact 4
โดย Bloomberg·Read original
Summary · why it matters

ConocoPhillips joined dozens of US companies in signing some $60 billion in deals to lift the Iraqi economy during Iraqi Prime Minister Ali al-Zaidi's visit to Washington. The agreements span energy, healthcare, finance, and tech, with ConocoPhillips agreeing to acquire a 42% stake in BP's giant Kirkuk oil-field complex, which holds more than 3 billion barrels of oil equivalent plus additional exploration potential. Barclays estimated the purchase price at about $400 million, though terms were not disclosed. Other signatories include Halliburton, SpaceX's Starlink, KBR, and JPMorgan Chase, though many of the agreements are preliminary or in early phases. The deals come as the Trump administration seeks to gain influence with Iraq and encourage the disarmament of Iran-backed militias.

Impact on stocks 7

Energy▲ · 3 stocks
ConocoPhillips
COP
▲ PositiveDemandrelevance

ConocoPhillips agreed to acquire a 42% stake in BP's giant Kirkuk oil-field complex, expanding its upstream portfolio.

Halliburton Company
HAL
± MixedDemandrelevance

Halliburton is mentioned as a signatory but no specific deal details are provided; impact unclear.

Energy Transition & Power Demand▼ · 2 stocks
BP PLC
BP
▼ NegativeCapitalrelevance

BP is selling a 42% stake in its giant Kirkuk oil-field complex to ConocoPhillips, reducing its asset base and future production upside.

KBR Inc
KBR
± MixedDemandrelevance

KBR is mentioned as a signatory but no specific deal details; impact unclear.

Digital Finance & Tokenization▲ · 1 stocks
Space Economy▲ · 1 stocks

Theme Impact 1

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