Deal Insight
BP and ConocoPhillips seal asset swap
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
BP and ConocoPhillips have announced two deals that effectively amount to a trans-Atlantic asset swap. BP will buy a 16.5% in Clair (UK) from ConocoPhillips, bumping its stake to 45.1%. The US super-independent will buy BP's entire 39.2% stake in the Greater Kuparuk Area (Alaska), giving it 94.5%.The deal is structured as two separate transactions, the terms of which are undisclosed, but expected to be cash neutral for both companies. We value both sides of the deal at US$2.2 billion ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Production, capex and cash flow outlook: 1) 16.5% in Clair; 2) 39.2% in Kuparuk
- Upstream assets: Table 1
- Upstream assets: Table 2
- Deal analysis: Table 1
- Deal analysis: Table 2
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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