BP, ConocoPhillips to back Iraq with major investments as U.S. seeks to weaken Iran's energy hold

BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday.

# BP, ConocoPhillips to back Iraq with major investments as U.S. seeks to weaken Iran's energy hold BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday. **Read the full article:** [CNBC](https://www.cnbc.com/2026/07/17/bp-conocophillips-to-back-iraq-with-major-energy-investment-.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*