ConocoPhillips to acquire Concho Resources in $9.7 billion transactionChristian Fernsby ▼ | October 19, 2020
ConocoPhillips and Concho Resources announced that they have entered into a definitive agreement to combine companies in an $9.7 billion all stock transaction.
Concho Resources ConocoPhillips
Topics: ConocoPhillips Concho Resource
Two asset portfolios create a combined resource base of approximately 23 billion barrels of oil equivalent with a less than $40 per barrel WTI cost of supply and an average cost of supply below $30 per barrel WTI. ■