WebOct 19, 2024 · Conoco on Monday announced a $9.7 billion all-stock takeover of Concho Resources , a fracker squarely focused on the Permian Basin, the massive West Texas oilfield at the heart of the shale ... WebOct 19, 2024 · ConocoPhillips announced on Monday that it was acquiring Concho Resources for $9.7 billion, the biggest deal in the industry since oil prices collapsed in …
Conoco COO Retires Rigzone
WebOct 19, 2024 · Shares in Concho and ConocoPhillips on Monday fell amid a market selloff, with Concho off 2.8% at $47.26 and ConocoPhillips down 3.2% to $32.70. Concho had sold for as much as $93 a share in January before the COVID-19 pandemic cut oil demand and prices. "Size, scope and scale has become more important," said Concho … WebApr 29, 2024 · The Concho deal is already accretive or will be soon, and it tends to make me trust the company when it spends cash. Ryan Lance comments on capital discipline- We set the capital budget at about ... philippines hotels packages
ConocoPhillips to buy Concho Resources for $9.7 billion in …
WebMay 2, 2024 · He had been CEO of Midland, Texas-based Concho and then became executive vice president of the Lower 48 when ConocoPhillips completed its $9.7 billion … WebNov 18, 2024 · Forward-Looking Statements . This communication relates to a proposed business combination transaction between ConocoPhillips and Concho. Forward-looking statements relate to future events and anticipated financial position, business strategy, budgets, projected revenues, projected costs and plans, objectives of management for … WebJan 19, 2024 · The move drastically boosted ConocoPhillips’ Permian Basin footprint. Last October, it announced a deal to buy Concho Resources in an all-stock transaction … philippines houses for sale