PEER STRATEGY

Conoco, Exxon, Shell Stick With Canadian Oil Sands

Copyright © 2025 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Alberta,Tar,Sands,Canada
Russ Heinl/Shutterstock
  • Chevron’s recent sale of its Alberta oil sands assets adds to the steady stream of foreign investors exiting the sector.

  • Only three international oil companies (IOCs) — ConocoPhillips, Exxon Mobil and Shell — retain some exposure to Canadian oil sands, and all three have made recent investments.

  • Oil sands’ hefty emissions footprint remains a big challenge, with Shell leading the pack at its Quest and Polaris carbon capture and storage (CCS) projects.

The Issue

Topics:
Capital Spending, Independent E&Ps, Majors, Corporate Strategy, Upstream Projects, Oil Sands, CO2 Emissions, Carbon Capture (CCS), M&A
Wanda Ad #2 (article footer)
#
A string of related M&A deals has a trio of Appalachian gas producers solidifying their core upstream and midstream operations.
Fri, Dec 12, 2025
Here are the top questions Energy Intelligence will be tracking in the new year in oil and gas markets, geopolitics and the energy transition.
Thu, Dec 11, 2025