$10B all-stock merger to form top Clearwater oil producer
A $10 billion all-stock merger will create a leading North American oil producer focused on Clearwater assets. It includes a spin-out of exploration assets and is expected to close in Q4 2026.
A $10 billion all-stock merger will create a leading North American oil producer focused on Clearwater assets, with the deal described as delivering immediate financial accretion, significant synergies and enhanced shareholder returns. The transaction also includes a spin-out of exploration assets and is expected to close in Q4 2026.