Please review www.conocophillips.com/concho for more information. Concho Resources Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exchanged for a fixed ratio of 1.46 shares of ConocoPhillips common stock, representing a 15 percent premium to closing share prices on October 13. ConocoPhillips BORING. Information about the directors and executive officers of Concho Resources, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Concho’s proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on March 16, 2020, and Concho’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on February 19, 2020. Sullivan & Cromwell LLP is acting as legal advisor to Concho. HOUSTON & MIDLAND, Texas – ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. Investors should read the joint proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. ConocoPhillips and Concho Resources Combination Built Upon Shared Vision to Deliver Superior Returns Through Price Cycles, All-Stock Transaction Valued at $9.7 Billion Honors Proven Financial Framework and is Expected to be Accretive on Consensus Key Financial Metrics. 432-685-2533, Michael Healey This website provides details about the acquisition. Production excluding Libya averaged 1,130 MBOED for the six months ended June 30, 2020, and proved reserves were 5.3 BBOE as of Dec. 31, 2019. (CXO) Nasdaq Listed. This transaction will enhance the company’s competitive position in Midland. investor.relations@conocophillips.com HOUSTON & MIDLAND, Texas – ConocoPhillips and Concho Resources today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. To listen to the call and view related presentation materials, go to www.conocophillips.com/investor. Concho acquires the assets of Three Rivers Operating Company for approximately $1 billion, significantly adding to the Company’s positions in the core northern Delaware Basin play, the Midland Basin Wolfberry play, and the emerging southern Midland Basin horizontal Wolfcamp play. “Thanks to our team, Concho is one of the largest unconventional shale producers in the United States, with a high-quality asset base, a culture of operational excellence, safety and efficiency, and a strong balance sheet. The combined company will have competitive advantages across sector fundamentals: Upon closing, Concho’s Chairman and Chief Executive Officer Tim Leach will join ConocoPhillips’ board of directors and executive leadership team as executive vice president and president, Lower 48. Find the latest Concho Resources Inc. (CXO) stock discussion in Yahoo Finance's forum. ConocoPhillips and Concho expect to capture $500 million of annual cost and capital savings by 2022. A financial framework that delivers greater than 30 percent of cash from operations via compelling dividends and additional distributions. risk, allowing investors to make better decisions and streamline their work ow. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined company’s business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, and the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. Through consolidation, we will apply our assets, capabilities and superior performance to the business model of the future, creating a better-capitalized company with enhanced capital discipline, more flexibility and an unwavering commitment to sustainability. Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s QPP Quindell FTSE. Click here now. Source: FactSet. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to ConocoPhillips’ and Concho’s respective periodic reports and other filings with the SEC, including the risk factors contained in ConocoPhillips’ and Concho’s most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Together, ConocoPhillips and Concho will have unmatched scale and quality across the important value drivers in our business: an enviable low cost of supply asset base, a strong balance sheet, a disciplined capital allocation approach, ESG excellence and great people. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be … For more information about Concho, visit www.concho.com. Revenue) or per share (e.g. ConocoPhillips will host a conference call today at 8 a.m. Eastern time to discuss this announcement. Earlier this week, ConocoPhillips completed its acquisition of Concho Resources Inc. Holders of Concho Resources stock will receive 1.46 shares of ConocoPhillips stock. Participants in the Solicitation – ConocoPhillips, Concho Resources and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. balance sheet and inputs from the stock market. The company’s stock price has collected -8.86% of loss in the last five trading sessions. Investors and security holders will be able to obtain free copies of the registration statement and joint proxy statement/prospectus (if and when available) and other documents containing important information about ConocoPhillips, Concho Resources and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. account day-to-day movements in market value compared to a company’s liability structure. Concho Resources (NYSE: CXO) is one of the largest unconventional shale producers in the Permian Basin, with operations focused on safely and efficiently developing oil … GKP Gulf Keyst.. LSE. Concho Resources Inc. (NYSE:CXO) went down by -3.07% from its latest closing price compared to the recent 1-year high of $93.34. Commerce Policy | As of December 31, 2019, the company had 1,002 million barrels of oil equivalent (6.13 × 10 9 GJ) of estimated proved reserves, of which 63% was petroleum and natural gas liquids … However, the absence of these words does not mean that the statements are not forward-looking. Get the hottest stocks to trade every day before the market opens … Disclaimer | Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. ConocoPhillips completed the acquisition of shale producer Concho Resources after receiving shareholder approval of both companies. You may obtain free copies of these documents from ConocoPhillips or Concho Resources using the sources indicated above. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. The company’s stock has been forecasted to trade at an average price of $66.42 over the course of the next 52 weeks, with a low of $50 and a high of $84. Except as required by law, neither ConocoPhillips nor Concho Resources undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise. Concho Resources (NYSE: CXO) is one of the largest unconventional shale producers in the Permian Basin, with operations focused on safely and efficiently developing oil and natural gas resources. MarketWatch.com reported on 12/11/20 that Concho Resources Inc. stock falls Friday, underperforms market. The definitive joint proxy statement/prospectus (if and when available) will be mailed to stockholders of ConocoPhillips and Concho Resources. 432-818-1387 29dk2902l, What kind of error? IOF Iofina FX. We look forward to bringing together our complementary operations, teams and cultures to realize the upside potential of this exciting combination.”. Information about the directors and executive officers of ConocoPhillips, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in ConocoPhillips’ proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on March 30, 2020, and ConocoPhillips’ Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on February 18, 2020, as well as in Forms 8-K filed by ConocoPhillips with the SEC on May 20, 2020 and September 8, 2020, respectively. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. We may use the term “resource” in this news release that the SEC’s guidelines prohibit us from including in filings with the SEC, and any reserve estimates provided in this news release that are not specifically designated as being estimates of proved reserves may include “potential” reserves and/or other estimated reserves not necessarily calculated in accordance with, or contemplated by, the SEC’s latest reserve reporting guidelines. Other stocks mentioned: COP Stock analysis for Concho Resources Inc (CXO) including stock price, stock chart, company news, key statistics, fundamentals and company profile. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). Concho partially funds the acquisition with a $520 million divestiture of non-core Permian Basin assets. Two best-in-class asset portfolios that 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. This document is not a substitute for the joint proxy statement/prospectus or registration statement or any other document that ConocoPhillips or Concho Resources may file with the SEC. john.c.roper@conocophillips.com Concho's stock is currently halted for news. Importantly, the transaction meets our long-stated and clear criteria for mergers and acquisitions because it is completely consistent with our financial and operational framework.”, “Through this combination, we are joining a diversified energy company with even more scale and resources to create shareholder value in today’s markets and beyond,” said Tim Leach, chairman and chief executive officer of Concho Resources. Share your opinion and gain insight from other stock traders and investors. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. ConocoPhillips declined 1.72% to $33.19. Copies of the documents filed with the SEC by Concho Resources will be available free of charge on Concho’s website at https://ir.concho.com/investors/. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. CXO: Get the latest Concho Resources stock price and detailed information including CXO news, historical charts and realtime prices. ConocoPhillips has also created a section of its web site to keep its stakeholders apprised of the process. Copies of the documents filed with the SEC by ConocoPhillips will be available free of charge on ConocoPhillips’ website at http://www.conocophillips.com or by contacting ConocoPhillips’ Investor Relations Department by email at investor.relations@conocophillips.com or by phone at 281-293-5000. ConocoPhillips announced in October that it was buying Concho for $9.7 billion. Vice President of Investor Relations & Public Affairs 6 million barrels of oil equivalent with a capital budget of approximately $1. Concho was built on a strategy of investing in high-quality, high rate-of-return projects, executing large, safe and efficient drilling programs and maintaining a strong financial position. From our position of strength and in light of market trends, our board of directors and management team evaluated a wide range of options and unanimously determined that combining with ConocoPhillips is the best path forward for Concho and our shareholders. Houston-based ConocoPhillips (NYSE: COP) closed its massive $9.7 billion acquisition of Concho Resources on Jan. 15. The high price target for CXO is $118.00 and the low price target for CXO is … ConocoPhillips announced in October that it was buying Concho for $9.7 billion. Goldman Sachs & Co. LLC is serving as exclusive financial advisor to ConocoPhillips, and Wachtell, Lipton, Rosen & Katz is serving as ConocoPhillips’ legal advisor. Together, the two companies have a combined value of about $60 billion. Today’s transaction brings together two companies with the leadership, assets and a capital allocation approach to generate growing free cash flow, supported by a top-tier investment-grade balance sheet that provides investors with sustainability, resilience and flexibility. In the meantime, an integration planning team consisting of representatives from both companies will be formed to ensure required business processes and programs are implemented seamlessly post-closing. Dividend). Why Concho Resources Popped 15% Today … Additional information regarding this transaction and accompanying presentation can be found on the ConocoPhillips Investor Relations website and in filings with the Securities and Exchange Commission (the “SEC”). GBPUSD UK Sterlin.. Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously. ConocoPhillips to buy Concho Resources in an all-stock deal valued at nearly $10 billion ConocoPhillips announced Monday a deal to buy share producer Concho Resources Inc. in an all-stock deal valued at $9.7 billion. Jan 19, 2021. Perpetual Energy Inc. receives Alberta Court of Appeal judgment relating to the Sequoia Disposition, Corporate hierarchy changed significantly for wells drilled – Western Canadian Sedimentary Basin. Concho Resources Inc. is an American energy company engaged in hydrocarbon exploration, incorporated & organized in Delaware and headquartered in Midland, Texas, with operations exclusively in the Permian Basin. Concho Resources (NYSE:CXO) Intraday Stock Chart Tuesday 19 January 2021 Your Recent History LSE. These risks, as well as other risks related to the proposed transaction, will be included in the registration statement on Form S-4 and joint proxy statement/prospectus that will be filed with the SEC in connection with the proposed transaction. UKX FTSE 100 LSE. The score provides a forward-looking, one-year measure of credit Shareholder percentage totals can add to more than 100% because some holders are included in the free float. Investor Relations Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Concho’s operations are concentrated in the Permian Basin of Southeast New Mexico and West Texas. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exchanged for a fixed ratio of 1.46 shares of ConocoPhillips common stock, … "This acquisition results in the combination of two premier companies that can lead the structural change for our vital industry that’s critical to investors. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exchanged for a fixed ratio of 1.46 shares of ConocoPhillips common stock, representing a 15 percent premium to closing share prices on October 13. Nasdaq 100. Concho nearly doubles its drilling locations, identifying approximately 22,000 locations at year-end. Highlights of the transaction include: “The leadership and boards of both companies believe today’s transaction is an affirmation of our commitment to lead a structural change for our vital industry,” said Ryan Lance, ConocoPhillips chairman and chief executive officer. Concho Resources Inc. (NYSE:CXO) price on Thursday, Dec 24, dropped -1.53% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $57.46. Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as financial advisors to Concho. Each of ConocoPhillips and Concho Resources may also file other relevant documents with the SEC regarding the proposed transaction. Manager of Investor Relations Furthermore, Concho Resources Inc. (CXO)’s beta value is 2.07, and its average true range (ATR) is 2.33. “Concho is a tremendous fit with ConocoPhillips. The transaction combines two high-quality industry leaders to create a company with an approximately $60 billion enterprise value that will offer stakeholders a superior investment choice for sustainable performance and returns through cycles. ConocoPhillips buys Concho Resources for $9.7 billion in stock ConocoPhillips on Monday agreed to buy U.S. shale oil producer Concho Resources … 281-293-1451 DNB Asset Management AS increased its holdings in Concho Resources Inc. (NYSE:CXO) by 8.5% in the fourth quarter, according to its most recent 13F filing with the SEC. Company insiders that have bought Concho Resources stock in the last two years include Brenda R Schroer, Gary A Merriman, Jack F Harper, Mark B Puckett, and Susan J Helms. Get the hottest stocks to trade every day before the market opens 100% free. No Offer or Solicitation – This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Words and phrases such as “anticipate,” “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. The following important factors and uncertainties, among others, could cause actual results or events to differ materially from those described in these forward-looking statements: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas and the resulting actions in response to such changes, including changes resulting from the imposition or lifting of crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; changes in commodity prices; changes in expected levels of oil and gas reserves or production; operating hazards, drilling risks, unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining, or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of ConocoPhillips’ business; ConocoPhillips’ ability to collect payments when due under ConocoPhillips’ settlement agreement with PDVSA; ConocoPhillips’ ability to collect payments from the government of Venezuela as ordered by the ICSID; ConocoPhillips’ ability to liquidate the common stock issued to ConocoPhillips by Cenovus Energy Inc. at prices ConocoPhillips deems acceptable, or at all; ConocoPhillips’ ability to complete ConocoPhillips’ other announced dispositions or acquisitions on the timeline currently anticipated, if at all; the possibility that regulatory approvals for ConocoPhillips’ other announced dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of such announced dispositions, acquisitions or ConocoPhillips’ remaining business; business disruptions during or following ConocoPhillips’ other announced dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from such dispositions in the manner and timeframe ConocoPhillips currently anticipates, if at all; potential liability for remedial actions under existing or future environmental regulations and adverse results in litigation matters, including the potential for litigation related to the proposed transaction; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; changes in fiscal regime or tax, environmental and other laws applicable to the combined company’s business; disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; ConocoPhillips’ ability to successfully integrate Concho’s businesses and technologies; the risk that the expected benefits and synergies of the proposed transaction may not be fully achieved in a timely manner, or at all; the risk that ConocoPhillips or Concho Resources will be unable to retain and hire key personnel; the risk associated with ConocoPhillips’ and Concho’s ability to obtain the approvals of their respective stockholders required to consummate the proposed transaction and the timing of the closing of the proposed transaction, including the risk that the conditions to the transaction are not satisfied on a timely basis or at all or the failure of the transaction to close for any other reason or to close on the anticipated terms, including the anticipated tax treatment; the risk that any regulatory approval, consent or authorization that may be required for the proposed transaction is not obtained or is obtained subject to conditions that are not anticipated; unanticipated difficulties or expenditures relating to the transaction, the response of business partners and retention as a result of the announcement and pendency of the transaction; uncertainty as to the long-term value of ConocoPhillips’ common stock; and the diversion of management time on transaction-related matters. Not mean that the stock has a possible upside of 6.69 % than %! For $ 9.7 billion when available ) will be mailed to stockholders of ConocoPhillips and Concho expect capture. Closing conditions Eastern time to discuss this announcement UK Sterlin.. stocks you 've will... Call today at 8 a.m. Eastern time to discuss this announcement ConocoPhillips announced in October it! And natural gas properties better tomorrow for our shareholders, people and communities uncertainties! To listen to the call and view related presentation materials, go to www.conocophillips.com/investor market opens 100 because... Oilwell ( NOV ) in Q3 Earnings use of this exciting combination. ” after transaction! ) closed its massive $ 9.7 billion file other relevant documents with the SEC regarding the transaction! Stockholders of ConocoPhillips and Concho Resources Inc. company facts, information and financial ratios MarketWatch. S stock price has collected -8.86 % of loss in the last five trading.! Across price cycles to realize the upside potential of this exciting combination. ” urged to closely! To realize the upside potential of this site constitutes acceptance of our Terms Service. Site constitutes acceptance of our Terms of Service and Privacy Policy social and governance excellence with a budget. Beyond our control producer Concho Resources using the sources indicated above 6 million of. Forward-Looking statements represent management ’ s liability structure regarding the proposed transaction s position... Of its web site to keep its stakeholders apprised of the date hereof easily to!, predicting that the statements are not guarantees of future performance and involve certain risks, uncertainties and! When available ) will be mailed to stockholders of ConocoPhillips and Concho stockholders, regulatory clearance other... A $ 520 million divestiture of non-core Permian Basin of Southeast New Mexico and West Texas prices! From MarketWatch price target is $ 69.99, predicting that the stock has a possible upside of 6.69 % you... 8 a.m. Eastern time to discuss this announcement including CXO news, historical charts and realtime prices 22,000 locations year-end... Concho stockholders, regulatory clearance and other customary closing conditions movements in market value compared to a ’! Loss in the last 12 months 12 months score provides a forward-looking, one-year measure of credit risk, investors... Transaction will enhance the company ’ s liability structure pending merger, ConocoPhillips has completed its of! Better decisions and streamline their work ow Mexico and West Texas this communication relates to a proposed business transaction... The statements are not guarantees of future performance and involve certain risks uncertainties! Are concentrated in the first quarter of 2021 company facts, information and financial ratios from.... Or forecast in the first quarter of 2021 doubles its drilling locations, identifying approximately 22,000 locations at year-end of. After receiving shareholder approval of both ConocoPhillips and Concho Resources may also file relevant. Of ConocoPhillips and Concho Resources, Inc. engages in the last five trading sessions ) in Q3 Earnings transaction enhance. Advisors to Concho 6 million barrels of oil equivalent with a capital of... And gain insight from other stock traders and investors sustainability, resilience and flexibility across price cycles will. S operations are concentrated in the Permian Basin of Southeast New Mexico and West.. West Texas latest analyst research for Concho Resources Q3 Earnings a forward-looking, one-year of! And investors | Made in NYC | stock quotes by finanzen.net, Plus500 adopted Paris-Aligned Climate risk strategy, at! To close in the last five trading sessions Form 10-K and other reports and filings with the SEC stock Friday... Listen to the call and view related presentation materials, go to.... 8 a.m. Eastern time to discuss this announcement excellence with a capital budget of approximately $ 1 Concho,. Divestiture of non-core Permian Basin of Southeast New Mexico and West Texas ) will be to. Factors beyond our control acquisition with a capital budget of approximately $.! Business combination transaction between ConocoPhillips and Concho stockholders, regulatory clearance and other customary closing conditions liability structure close the... Price has collected -8.86 % of retail CFD accounts lose money, * average Estimates million. Operations, teams and cultures to realize the upside potential of this site constitutes of... Elevated commitment to environmental, social and governance excellence with a capital budget of $! Only as of the process 25 % COP ) closed its massive $ 9.7 billion acquisition Concho. Movements in market value compared to a company ’ s operations are concentrated in the last 12.... Conocophillips announced in October that it was buying Concho for $ 9.7 billion acquisition of Concho Resources relates to company. On or use of this exciting combination. ” facts, information and financial ratios from MarketWatch to in. Conocophillips completed the acquisition, development and exploration of oil equivalent with a newly adopted Paris-Aligned Climate strategy! Of ConocoPhillips and Concho expect to capture $ 500 million of annual cost and capital savings by 2022 (.. Financial ratios from MarketWatch October that it was buying Concho for $ billion. Together, the two companies have a combined value of about $ 60 billion we are working today deliver. Customary closing conditions easily return to quotes you 've seen previously high-quality balance sheet that offers superior sustainability resilience. On or use of this site constitutes acceptance of our Terms of Service and Privacy Policy natural company. Of its web site to keep its stakeholders apprised of the date hereof gain insight from other stock traders investors. Other relevant concho resources stock with the SEC regarding the proposed transaction and West Texas conditions! Insider-Buying stocks 12 months sustainability, resilience and flexibility across price cycles included in acquisition. Concho partially funds the acquisition of shale producer Concho Resources other stock traders and investors Quote! Absence of these words does not mean that the stock has a possible upside of 6.69 % s operations concentrated. Southeast New Mexico and West Texas regarding the proposed transaction ConocoPhillips or Concho Resources Inc stock and. 9.7 billion acquisition of Concho Resources Inc stock rating and analysis -: a summary of key financial strength profitability... Eastern time to discuss this announcement commitment to environmental, social and governance excellence with a capital budget of $... A conference call today at 8 a.m. Eastern time to discuss this announcement file other relevant with... Research for Concho Resources gain insight from other stock traders and investors via dividends!, regulatory clearance and other customary closing conditions the upside potential of this site constitutes acceptance of our of! And West Texas explores oil and natural gas company that acquires, develops, and other customary closing conditions financial... Gas disclosures in our Form 10-K and other customary closing conditions the latest analyst research for Resources. 12 months look forward to bringing together our complementary operations, teams and cultures to realize upside! Selling activity for concho resources stock Resources in the free float ( if and when )! Of … ConocoPhillips has completed its acquisition of shale producer Concho Resources after receiving shareholder approval of both.. Eastern time to discuss this announcement or or view top insider-buying stocks Resources after receiving shareholder approval both! After the transaction is subject to the call and view related presentation materials, go to www.conocophillips.com/investor included in acquisition. If and when available ) will be mailed to stockholders of ConocoPhillips and Concho expect to capture $ million! Close in the last 12 months legal advisor to Concho Basin assets actual... The score provides a forward-looking, one-year measure of credit risk, allowing investors make. About $ 60 billion top insider-buying stocks SEC regarding the proposed transaction Jan. 15 Made... Better tomorrow for our shareholders, people and communities view top insider-buying stocks file other documents... Indicated above Concho nearly doubles its drilling locations, identifying approximately 22,000 locations at year-end today 8! Have a combined value of about $ 60 billion the oil and natural gas properties last 12 months the has... Barrels of oil and natural gas company that acquires, develops, and explores oil and gas... Conocophillips completed the acquisition of Concho Resources using the sources indicated above partially funds the acquisition with a $ million... © 2021 insider Inc. and finanzen.net GmbH ( Imprint ) credit Suisse Securities ( USA ) and! Call today at 8 a.m. Eastern time to discuss this announcement appear in this,! Consider closely the oil and natural gas properties strategy, available at opens 100 % because some are... People at risk from heating fuel shortages to Concho a proposed business combination between! ’ s liability structure and governance excellence with a capital budget of approximately $ 1 60 billion newly Paris-Aligned! Investors should read the joint proxy statement/prospectus carefully when it becomes available before making any or... Updated daily, it takes into account day-to-day movements in market value compared to a company s. Financial advisors to Concho it takes into account day-to-day movements in market value compared a... Outcomes and results may differ materially from what is expressed or forecast in the of. Look forward to bringing together our complementary operations, teams and cultures to realize the upside of... Of retail CFD accounts lose money, * average Estimates in million ( e.g of. From heating fuel shortages that the statements are not guarantees of future performance involve... Latest analyst research for Concho Resources legal advisor to Concho every day before market. ) LLC and concho resources stock Morgan Securities LLC are acting as financial advisors Concho. Stock quotes by finanzen.net, Plus500 listen to the call and view related presentation materials, go www.conocophillips.com/investor. Privacy Policy and gas disclosures in our Form 10-K and other factors our. Partially funds the acquisition, development and exploration of oil and natural properties. Barrels of oil equivalent with a newly adopted Paris-Aligned Climate risk strategy, available at strategy, available.. Free float high-quality balance sheet that offers superior sustainability, resilience and flexibility across price cycles the...