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17

US Oil major to Acquire British Oil Producer

US oil major ConocoPhillips is in talks to buy the British oil and gas producer...

US oil major ConocoPhillips is in talks to buy the British oil and gas producer Burlington Resources Inc. for more than $30 billion, the Wall Street Journal online edition reported.

Put together, Conoco and Burlington would have a combined estimated 2006 revenue of just over $211 billion, according to Reuters Estimates, not far off Chevron's forecast of $217 billion in 2006 revenue.