ConocoPhillips CEO Rules Out Bid For BP's TNK-BP Stake

Date : 06/21/2012 @ 6:06AM
Source : Dow Jones News
Stock : Conocophillips (COP)
Quote : 49.72  0.0 (0.00%) @ 8:00AM

ConocoPhillips CEO Rules Out Bid For BP's TNK-BP Stake

Conocophillips (NYSE:COP)
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By Alexis Flynn

ST. PETERSBURG, Russia--ConocoPhillips (COP) isn't planning to bid for BP PLC's (BP) stake in the TNK-BP joint venture, Chief Executive Ryan Lance said Thursday.

"No, that's not something we're interested in," said Lance, ruling out a move to buy BP's 50% share of TNK-BP, which the U.K. oil major put up for sale earlier this month.

Write to Alexis Flynn at alexis.flynn@dowjones.com

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