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Africa Expansion Strategy

CONOCOPHILLIPS · 2026-08-05 · Importance 64 · Surprise 42

ConocoPhillips is pursuing a multi-billion-dollar expansion in Africa following its acquisition of Marathon Oil. The transaction strengthened its positions in Libya and Equatorial Guinea. The company is focusing on long-term oil-field redevelopment, LNG growth, and regional gas monetization through investments and strategic agreements.

Key facts

• ConocoPhillips and Marathon Oil are Silver Partners for African Energy Week 2026 after a multi-billion-dollar Africa expansion, strengthening presence in Libya and Equatorial Guinea. source