The Financial Post reports in its Friday, Oct. 11, edition that Chevron's decision to sell $6.5-billion (U.S.) worth of oil and gas assets to Canadian Natural Resources has reduced the number of foreign entities in the oil sands to just a few players. The Post's Meghan Potkins writes that ExxonMobil and its Canadian affiliate, Imperial Oil, are the top foreign firms, with a combined production volume of around 450,000 barrels per day (bbl/d) in 2023. Three Chinese state-owned companies, CNOOC International, PetroChina and Sinopec Canada Energy, accounted for over 150,000 bbl/d last year, representing nearly 5 per cent of the total oil sands production. Other significant foreign entities include ConocoPhillips, Shell and Korea National Oil subsidiary Harvest Operations. It is not just foreign oil companies that are leaving the oil sands, but potentially foreign investors as well. In the first six months of the year, foreign mutual funds and exchange traded funds sold a high amount of Canadian energy stocks, as per an analysis by CIBC Capital Markets. CIBC analyst Ian de Verteuil mentioned in a note to investors on Monday that the selling of Canadian energy names overall was significantly larger -- three to five times as large.