ConocoPhillips could be the next Houston-based energy company to make a multibillion-dollar acquisition deal, according to 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. Let's look at ConocoPhillips, which is trying to break out over resistance. NS Energy is using cookies. ConocoPhillips has completed its acquisition of Concho Resources following approval by shareholders of both companies. 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. ConocoPhillips has completed its acquisition of Concho Resources following approval by shareholders of both companies. 1 - ConocoPhillips before the Concho Resources' acquisition. Earlier this week, ConocoPhillips completed its acquisition of Concho Resources Inc. Holders of Concho Resources stock will receive 1.46 shares of ConocoPhillips stock. Do NOT follow this link! ConocoPhillips completed the acquisition of shale producer Concho Resources after receiving shareholder approval of both companies. ConocoPhillips COP has confirmed its decision to buy Concho Resources Inc. CXO in an all-stock transaction, valued at $9.7 billion. If you continue using our website, we'll assume that you are happy to receive all cookies on this website. ConocoPhillips announced that it has completed its acquisition of Concho Resources 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. 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) Representatives for ConocoPhillips and Concho … ConocoPhillips COP is considering the acquisition of smaller rival Concho Resources Inc. CXO, per Bloomberg. HOUSTON, Texas, Jan. 16-- ConocoPhillips, a producer of oil and gas resources, issued the following news release on Jan. 15:. 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. 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 Wades Deeper Into Permian With Concho Acquisition Rich Duprey 10/19/2020 Domestic terrorism has superseded the threat … January 15, 2021 - 11:56 am. ConocoPhillips Completes Acquisition of Concho Resources January 15, … 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. Meanwhile, oilfield service majors Schlumberger (SLB) … The historical quarterly production (oil equivalent) chart is more explicit. We use them to give you the best experience. ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by The headline came from ConocoPhillips' (COP) $9.7 billion acquisition of Concho Resources (CXO). 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 […] The acquisition adds 550,000 net acres 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 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. 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, an independent oil and gas exploration company, said it will acquire the U.S. shale oil producer Concho Resources in an all-stock transaction valued at $9.7 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. Now some are seeking out merger and acquisition targets to reduce costs. The current market volatility might … 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 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. ConocoPhillips Confirms $9.7B Acquisition Deal With Concho Zacks Equity Research October 20, 2020 CVX Quick Quote CVX COP Quick Quote … The MarketWatch News Department was not involved in the creation of this content. 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 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 … 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. The 2Q was … Shares of … Together, the two companies have a combined value of about $60 billion. 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