ConocoPhillips
Search results
Oct 19, 2020 · ConocoPhillips and Concho Resources announce a definitive agreement to combine companies in an all-stock transaction valued at $9.7 billion. The combined company will have a diversified and low-cost asset base, a strong balance sheet, and a commitment to ESG excellence.
Concho Resources Inc. was a company engaged in hydrocarbon exploration, incorporated and organized in Delaware and headquartered in Midland, Texas, with operations exclusively in the Permian Basin. In 2021, the company was acquired by ConocoPhillips.
Jan 15, 2021 · ConocoPhillips completed its acquisition of Concho Resources, a Permian oil and gas company, in January 2021. The merger aims to create a sector leader with superior returns, ESG performance and affordable energy.
ConocoPhillips today announced that it has completed its acquisition of Concho Resources. The transaction creates a company with an approximately $60 billion enterprise value* that will offer stakeholders a superior investment choice for sustainable performance and returns through cycles. Highlights of the transaction include:
Oct 19, 2020 · Concho Resources (NYSE: CXO) is one of the largest unconventional shale producers in the Permian Basin, with operations focused on safely and efficiently developing oil and natural gas...
Oct 20, 2020 · ConocoPhillips, an independent oil and gas exploration company, announced it will acquire the U.S. shale oil producer Concho Resources in an all-stock deal. The transaction is expected to close in the first quarter of 2021 and will create a diversified and low-cost portfolio of energy assets.
Jan 19, 2021 · ConocoPhillips (COP) completed the $9.7 billion deal to buy Concho Resources, one of the largest oil accords in the United States amid the pandemic. The combined company has a resource base of 23 billion barrels of oil equivalent and a cost of supply below $30 per barrel.
