ConocoPhillips has recently announced that it has applied to the Alberta Securities Commission and the Ontario Securities Commission for a joint order to cease being a reporting issuer in all Canadian jurisdictions where it currently holds this status. If granted, this move would mean that ConocoPhillips would no longer be required to report its financial statements and other disclosures in Canada. However, the company will continue to comply with the United States securities laws and the rules of the New York Stock Exchange. Canadian security holders will still have access to all necessary continuous disclosure documents through the U.S. securities framework.
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