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 ConocoPhillips Wades Deeper Into Permian With Concho Acquisition Rich Duprey 10/19/2020 Domestic terrorism has superseded the threat … ConocoPhillips is in talks to acquire rival Concho Resources Inc., according to people familiar with the matter, as one of America’s largest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