Earlier this week, ConocoPhillips completed its acquisition of Concho Resources Inc. Holders of Concho Resources stock will receive 1.46 shares of ConocoPhillips stock. ConocoPhillips announced that it has completed its acquisition of Concho Resources following approval by shareholders of both companies. The 2Q was … ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources ("Concho") (NYSE: CXO) following approval by shareholders of both companies. ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources ("Concho") (NYSE: CXO) following approval by shareholders of both companies. NS Energy is using cookies. The acquisition adds 550,000 net acres ConocoPhillips completed the acquisition of shale producer Concho Resources after receiving shareholder approval of both companies. 1 - ConocoPhillips before the Concho Resources' acquisition. ConocoPhillips is in talks to acquire rival Concho Resources Inc., according to people familiar with the matter, as one of America’s largest independent oil explorers looks … Meanwhile, oilfield service majors Schlumberger (SLB) … If you continue using our website, we'll assume that you are happy to receive all cookies on this website. ConocoPhillips COP has confirmed its decision to buy Concho Resources Inc. CXO in an all-stock transaction, valued at $9.7 billion. The current market volatility might … The headline came from ConocoPhillips' (COP) $9.7 billion acquisition of Concho Resources (CXO). Shares of … Representatives for ConocoPhillips and Concho … ConocoPhillips Confirms $9.7B Acquisition Deal With Concho Zacks Equity Research October 20, 2020 CVX Quick Quote CVX COP Quick Quote … ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources ("Concho") (NYSE: CXO) following approval by shareholders of both companies. The all-stock acquisition values Concho at a 15% premium to its closing price on Oct. 13 and would give shareholders 1.46 shares of ConocoPhillips stock for each share of Concho common stock. ConocoPhillips could be the next Houston-based energy company to make a multibillion-dollar acquisition deal, according to Bloomberg. ConocoPhillips is acquiring Permian heavyweight Concho Resources in an all-stock deal for $49.30 per share (total equity value of $9.7 billion) and a total enterprise value of $13.3 billion. ConocoPhillips plans to lay off about a quarter of its Houston employees after the nation’s largest independent oil producer acquires rival Concho Resources early next year. We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it will deliver, said Ryan Lance, ConocoPhillips […] ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by “We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it will … ConocoPhillips and Concho will each file the vote results for their respective special shareholder meetings on a Form 8-K with the U.S. Securities and Exchange Commission. ConocoPhillips Wades Deeper Into Permian With Concho Acquisition Rich Duprey 10/19/2020 Domestic terrorism has superseded the threat … Let's look at ConocoPhillips, which is trying to break out over resistance. ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (Concho) (NYSE: CXO) following approval by shareholders of both companies. ConocoPhillips Completes Acquisition of Concho Resources January 15, … The historical quarterly production (oil equivalent) chart is more explicit. Do NOT follow this link! The MarketWatch News Department was not involved in the creation of this content. ConocoPhillips COP is considering the acquisition of smaller rival Concho Resources Inc. CXO, per Bloomberg. ConocoPhillips (NYSE: COP) reported Friday that it has completed its acquisition of Concho Resources (NYSE: CXO), with shareholders of both firms having approved the combination. ConocoPhillips has completed its acquisition of Concho Resources following approval by shareholders of both companies. Now some are seeking out merger and acquisition targets to reduce costs. Together, the two companies have a combined value of about $60 billion. The Concho acquisition gives ConocoPhillips about 700,000 net acres in the Permian Basin—more than quadruple the size of its previous position in the Permian—which the Houston-based company expects to be a cornerstone in its global portfolio. HOUSTON, Texas, Jan. 16-- ConocoPhillips, a producer of oil and gas resources, issued the following news release on Jan. 15:. ConocoPhillips has completed its acquisition of Concho Resources following approval by shareholders of both companies. ConocoPhillips and Concho will each file the vote results for their respective special shareholder meetings on a Form 8-K with the U.S. Securities and Exchange Commission. “We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it will deliver,” said Ryan Lance, ConocoPhillips chairman and chief executive officer. January 15, 2021 - 11:56 am. Despite the gloom-and-doom in the oil industry and the specter of a blue wave in Washington, ConocoPhillips is doubling down on crude by making a major acquisition. ConocoPhillips And Concho: A Timely Acquisition But Shareholders Are Not Impressed (NYSE:COP) Fun Trading Oct. 22, 2020 9:22 AM ET ConocoPhillips And Concho: A Big Move (NYSE:COP) ConocoPhillips and Concho will each file the vote results for their respective special shareholder meetings on a Form 8-K with the US Securities and Exchange Commission. We use them to give you the best experience. HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by shareholders of both companies. ConocoPhillips announced in October that it was buying Concho for $9.7 billion. ConocoPhillips is buying Concho Resources in a $9.7 billion all-stock deal. 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