ConocoPhillips (COP) confirms agreement with Chinese regulators to resolve all pending...

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips (COP) confirms agreement with Chinese regulators to resolve all pending governmental claims related to last year's oil spills at Bohai Bay. COP will pay $173M over the next two years and contribute $18M toward social projects benefiting Bohai Bay; Chinese partner Cnooc (CEO) will contribute $76M.