Deal Insight

ConocoPhillips sells 7.6% of its 20% stake in LUKoil

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28 July 2010

ConocoPhillips sells 7.6% of its 20% stake in LUKoil

Report summary

On 16 August 2010, LUKoil acquired 7.6% of its own stock from ConocoPhillips. LUKoil retains an option to buy ConocoPhillips' remaining 11.6% stake before 26 September 2010, but has stated that it does not intend to exercise the option in full. ConocoPhillips plans to divest the balance of its holding on the open market over the next 18 months.Under our base case assumptions, we value a 7.6% stake in LUKoil's upstream portfolio at US$6.6 billion (NPV10 as at 1 August 2010). By ...

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
    • LUKoil
    • ConocoPhillips
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 5 images and tables including:

  • Upstream assets: Table 1
  • 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:

  • Document

    ConocoPhillips sells 7.6% of its 20% stake in LUKoil

    PDF 316.15 KB