ConocoPhillips Wins Court Ruling For $7.5B Willow Project In Alaska: Report
Portfolio Pulse from Shivani Kumaresan
ConocoPhillips (NYSE:COP) has received judicial approval for its $7.5 billion Willow oil project in Alaska, which is estimated to hold around 600 million barrels of oil. The project, which faced opposition from environmental advocates, is expected to produce approximately 180,000 barrels of oil daily. The company is preparing for on-site operations, which could start as early as the upcoming winter season.
November 10, 2023 | 1:54 pm
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ConocoPhillips has received court approval for its Willow oil project in Alaska. This could potentially boost the company's production and revenues in the future.
The court approval allows ConocoPhillips to proceed with its Willow oil project, which is expected to significantly increase the company's oil production. This could potentially lead to increased revenues and profitability for the company, positively impacting its stock price in the short term.
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