Deal insight

Sinopec acquires Syncrude stake from ConocoPhillips for US$4.65 billion

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Report summary

On 12 April 2010 ConocoPhillips announced the sale of its 9.03% stake in Syncrude to Sinopec for a consideration of US$4.65 billion. Due to the deal size and Sinopec's international status the move invokes a Canadian Federal Government foreign investment review. If approved the deal is expected to close in Q3 2010. The Syncrude sale is the most material portion of a divestiture package through which ConocoPhillips aims to raise US$10 billion. For Sinopec the deal represents a ...

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This report contains

  • Document

    Sinopec acquires Syncrude stake from ConocoPhillips for US$4.65 billion

    PDF 485.38 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 10 images and tables including:

Images

  • Deal sensitivities
  • Peer group gearing position
  • Peer group production growth outlook

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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