02 February 2026
02 February 2026
Beth McDonald will lead the merged company as president and CEO, alongside Blake McKenna as executive vice-president and COO.
The company's 2025 earnings fell due to lower oil prices and reduced affiliate earnings, despite higher margins and sales volumes.
The decrease in net profit was attributed to lower crude prices, weaker chemical margins and increased depreciation costs.
The transaction is expected to close in the latter half of 2026, pending shareholder and regulatory approvals.
Through the investment, the company intends to boost natural gas output from the CBM block.
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