Editing ConocoPhillips (section)

===February 2017 to January 2021===

In February 2017, [[Ecuador]] was ordered to pay $380 million to the company for unlawfully [[Expropriation|expropriating]] the company's oil investments.<ref>{{cite news | url=https://www.reuters.com/article/us-conocophillips-ecuador/ecuador-ordered-to-pay-conocophillips-380-million-in-damages-idUSKBN15N2UP |title=Ecuador ordered to pay ConocoPhillips $380 million in damages | first=Sweta | last=Singh |work=[[Reuters]] |date=February 8, 2017}}</ref>

In March 2017, the company agreed to sell its Foster Creek Christina Lake Partnership interest, Western Canada Deep Basin Gas assets to [[Cenovus Energy]] for $13.3 billion.<ref>{{Cite news | url=https://www.reuters.com/article/brief-conocophillips-to-sell-foster-cree/brief-conocophillips-to-sell-foster-creek-christina-lake-partnership-interest-western-canada-deep-basin-gas-assets-to-cenovus-for-13-3-bln-idUSFWN1H60VH | title=BRIEF-ConocoPhillips to sell Foster Creek Christina Lake Partnership interest, Western Canada Deep Basin Gas assets to Cenovus for $13.3 bln | work=[[Reuters]] | date=March 29, 2017}}</ref> Along with the sale of natural gas fields in the U.S., it led to a reduction of close to 30% of its proved oil and gas reserves.<ref>{{cite news | last=McWilliams | first=Gary | title=ConocoPhillips takes slow, steady route in race for oil profits | url=https://www.reuters.com/article/us-conoco-assetsales-idUSKBN17M0FS |work=[[Reuters]] | date=April 20, 2017}}</ref>

In June 2017, the company agreed to sell assets in the [[Barnett Shale]] for $305 million.<ref>{{cite news | url=https://www.bizjournals.com/houston/news/2017/06/29/conocophillips-to-sell-texas-shale-assets-for-305m.html | title=ConocoPhillips to sell Texas shale assets for $305M |first=Olivia |last=Pulsinelli | work=[[American City Business Journals]] |date=June 29, 2017}}</ref>

In August 2017, the company sold its business in the [[San Juan Basin]] for $2.5 billion.<ref>{{cite news | url=https://www.bizjournals.com/albuquerque/news/2017/08/01/texas-energy-giants-sale-of-san-juan-assets-closes.html | title=ConocoPhillips closes nearly $2.7B asset sale | first=Rachel | last=Sapin | work=[[American City Business Journals]] | date=August 1, 2017}}</ref>

In May 2018, ConocoPhillips seized assets belonging to the [[Venezuela]]n state oil company [[PDVSA]] from the Isla refinery on [[Curaçao]] to collect on $2 billion owed since a 2007 court decision.<ref>{{cite news | title=Conoco has seized Venezuela PDVSA products from the Isla refinery: Curacao | url=https://www.cnbc.com/2018/05/14/conoco-has-seized-venezuela-pdvsa-products-from-isla-refinery-curacao.html |agency=[[Reuters]] | publisher=[[CNBC]] | date=May 14, 2018}}</ref>

In March 2019, the [[World Bank]] ruled that Venezuela must pay ConocoPhillips $8.7 billion to compensate for the 2007 [[expropriation]] of oil assets.<ref>{{cite news | title=Venezuela must pay Conoco more than $8 billion: World Bank| url=https://www.reuters.com/article/us-conocophillips-venezuela/venezuela-must-pay-conoco-more-than-8-billion-world-bank-idUSKCN1QP20V | first=Marianna | last=Parraga |work=[[Reuters]] | date=March 8, 2019}}</ref>

In April 2019, the company sold a 30% stake in the Greater Sunrise Fields to the government of Timor-Leste.<ref>{{cite news | url=https://www.kallanishenergy.com/2019/04/17/conocophillips-closes-on-350m-sale-to-timor-leste/ | title=ConocoPhillips closes on $350M sale to Timor-Leste |work=Kallanish Energy | date=April 17, 2019}}</ref>

In September 2019, the company sold its business in the United Kingdom for $2.675 billion.<ref>{{cite news | url=https://www.bizjournals.com/houston/news/2019/09/30/conocophillips-closes-nearly-2-7b-asset-sale.html | title=ConocoPhillips closes nearly $2.7B asset sale | first=Olivia | last=Pulsinelli | work=[[American City Business Journals]] | date=September 30, 2019}}</ref>

For the 2019 Awards in Predefined Areas (APA) on the [[Norwegian continental shelf]] (NCS), ConocoPhillips was awarded three operatorships and ownership interests in a total of five production licenses. Two which are located in the [[Norwegian Sea]] (PL 1009 B and PL 1064) in [[Warka]] and Slagugle, one in the [[North Sea]] (PL 917 B) for two discoveries in [[Busta Voe]] and [[Cape Enniberg]], and the other is the Hasselbaink prospect, where drilling has already begun.<ref>{{cite web|url=https://www.conocophillips.no/news-media/story/five-licenses-awarded-to-conocophillips/|title=Five licenses awarded to ConocoPhillips|date=February 6, 2020|work=ConocoPhillips|access-date=June 9, 2021}}</ref>

In May 2020, the company sold its assets in Northern Australia to [[Santos Limited]] for $1.39 billion.<ref>{{cite news | url=https://www.bizjournals.com/houston/news/2020/05/29/conocophillips-santos-australian-asset-sale-closes.html | title=ConocoPhillips closes nearly $1.4B asset deal | first=Olivia | last=Pulsinelli | work=[[American City Business Journals]] | date=May 29, 2020}}</ref><ref>{{cite news | url=https://www.cnbc.com/2019/10/14/conocophillips-sells-northern-australia-assets-to-santos-for-1point39-billion.html | title=ConocoPhillips sells northern Australia assets to Santos for $1.39 billion | agency=[[Reuters]] | publisher=[[CNBC]] | date=October 14, 2019}}</ref>

In July 2020, the company announced the acquisition of acreage in the [[Montney Formation]] in Canada for $375 million.<ref>{{cite news | url=https://www.bizjournals.com/houston/news/2020/07/23/conocophillips-montney-canada-kelt-exploration.html | title=ConocoPhillips to buy acreage in Canada from Kelt Exploration | first=Olivia | last=Pulsinelli | work=[[American City Business Journals]] | date=July 23, 2020}}</ref><ref>{{cite press release | url=https://www.businesswire.com/news/home/20200722005897/en/ConocoPhillips-Announces-Agreement-to-Acquire-Liquids-Rich-Montney-Acreage-from-Kelt-Exploration-Ltd. | title=ConocoPhillips Announces Agreement to Acquire Liquids-Rich Montney Acreage from Kelt Exploration Ltd. | publisher=[[Business Wire]] | date=July 22, 2020}}</ref><ref>{{Cite web |date=2020-07-23 |title=ConocoPhillips Doubles Natural Gas-Rich Montney Shale Portfolio in $375M Deal with Kelt |url=https://www.naturalgasintel.com/conocophillips-doubles-natural-gas-rich-montney-shale-portfolio-in-375m-deal-with-kelt-2/ |access-date=2024-03-21 |website=Natural Gas Intelligence |language=en-US}}</ref>

On 1 August 2020, Steinar Våge who has been with the ConocoPhillips company since 1988, was elected into the position of President for ConocoPhillips Europe, Middle East and [[North Africa]]. He was previously the Senior Vice President of Global Operations, Wells and Projects at the corporate headquarters in Houston, United States, and is now located in Stavanger, where the main office is located.<ref>{{cite web|date=August 6, 2020|title=Steinar Våge is new President in ConocoPhillips|url=https://www.conocophillips.no/news-media/story/steinar-vage-is-new-president-in-conocophillips/|work=ConocoPhillips|access-date=June 30, 2021}}</ref>

Due to the [[COVID-19 pandemic]] in 2020, ConocoPhillips had to reduce its production in May as the price of oil in [[North Slope Borough, Alaska|North Slope]], which stood at about $10 per barrel at the end of April, rose to $40 per barrel.<ref>{{cite web|url=https://www.alaskapublic.org/2020/06/15/conocophillips-to-resume-normal-production-in-july-in-alaska/|title=ConocoPhillips to resume normal production in July in Alaska|date=June 15, 2020|work=Alaska Public Media|access-date=December 16, 2020}}</ref><ref>{{cite web|url=https://www.ktoo.org/2020/04/17/conocophillips-cuts-spending-in-alaska-by-another-200m-as-oil-prices-sink/|title=ConocoPhillips cuts spending in Alaska by another $200M as oil prices sink|date=April 17, 2020|work=KTOO|access-date=December 16, 2020}}</ref><ref>{{cite web|url=https://www.bloomberg.com/news/articles/2020-04-16/conocophillips-to-curtail-oil-production-after-crude-s-collapse|title=Conoco Slashing North American Output in Biggest Oil Cutback|date=April 16, 2020|work=Bloomberg|access-date=January 8, 2021}}</ref>

In December 2020, ConocoPhillips made the largest discovery of oil for the year, between 75.5 million and 201 million barrels in the Slagugle well. Executive Vice President Matt Fox, stated that this was the fourth successful exploration well to be found on the [[Norway|Norwegian]] continental shelf in the past 16 months.<ref>{{cite web|url=https://norwaytoday.info/news/conocophillips-announces-this-years-largest-oil-discovery-in-the-norwegian-sea/|title=ConocoPhillips announces this year's largest oil discovery in the Norwegian Sea|date=December 22, 2020|work=Norway Today|access-date=May 21, 2021}}</ref>

In January 2021, the company acquired [[Concho Resources]], an operator in the [[Permian Basin (North America)|Permian Basin]], for $9.7 billion.<ref>{{cite press release |url=https://www.businesswire.com/news/home/20210115005464/en/ConocoPhillips-Completes-Acquisition-of-Concho-Resources|title=ConocoPhillips Completes Acquisition of Concho Resources | publisher=[[Business Wire]] |date=January 15, 2021}}</ref><ref>{{Cite news |url=https://www.reuters.com/article/concho-resources-ma-conocophillips/conocophillips-to-buy-concho-resources-for-9-7-bln-in-2020s-top-shale-deal-idUSL4N2HA2P3|title=ConocoPhillips to buy Concho Resources for $9.7 bln in 2020's top shale deal |website=reuters.com| date=October 19, 2020}}</ref><ref>{{cite web |url=https://www.nytimes.com/2020/10/19/business/energy-environment/conocophillips-concho-oil-merger.html|title=Oil Industry Turns to Mergers and Acquisitions to Survive|date=October 19, 2020|work=The New York Times|access-date=January 8, 2021}}</ref><ref>{{Cite web|url=https://www.forbes.com/sites/davidblackmon/2020/10/19/conocophillips-doubles-down-on-the-permian-basin-and-fracking-with-concho-acquisition/ |title=ConocoPhillips Doubles Down on the Permian Basin and Fracking with Concho Acquisition |website=[[Forbes]] | date=October 19, 2020 | url-access=limited}}</ref>