CXO News and Press, Concho Resources Inc. From 10/19/20

The Permian Basin is about to get a new heavyweight player as the rumors of ConocoPhilips (NYSE: COP) buying Concho Resources (NYSE: CXO) proved true. The oil giant announced today that it has agreed to acquire its rival for about $9.7 billion, or a 15% premium. The ...

ConocoPhillips (COP) agrees to acquire Concho Resources (CXO) in all-stock transaction that values Concho at ~$9.7B; shares are halted.Under the deal terms, each Concho common share will be exchanged for a fixed ratio of 1.46 Conoco shares, representing a 15% premium to closing share prices o...

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 ...

Shares of Conoco Phillips (COP) shed 4.5% this week while Concho Resources (CXO) jumped 8.7% after Bloomberg reported Conoco is in talks to buy Concho, with potential deal news coming in the next few weeks.According to Street Advisor, Wall Street analysts note the acquisition would make strat...

Rumor has it that Conoco Phillips intends to purchase Concho Resources. The combination would make COP a major force in the Permian Basin. I've been worried about a big acquisition because Conoco was holding so much cash and not returning it to shareholders in the form of dividends. ...

Reportedly, ConocoPhillips and Concho Resources are in talks. Source is credible. It would probably be a solid buy. Management is incentivized to let go. Likely, some synergies are present, and ConocoPhillips is clearly prowling for fresh blood. Yet, the potential target is up...

The S&P 500 index (SNPINDEX: ^GSPC) fell xx% on Oct. 14, a second straight day of losses as we move deeper into earnings season. The move lower today was largely a product of earnings from Wells Fargo (NYSE: WFC) and Bank of America (NYSE: BAC) that didn't meet e...

Gainers: Concho Resources (CXO) +13%. Panhandle Oil and Gas (PHX) +13%. LSB Industries (LXU) +12%. Oil States International (OIS) +11%. DCP Midstream (DCP) +9%.Losers: Loop Industries (LOOP) -5%. Martin Midstream Partners (MMLP) -7%. Cypress Enviro...

Shares of oil and gas exploration and production company Concho Resources (NYSE: CXO) jumped by as much as 15% Wednesday morning after Bloomberg reported that it was in talks to be acquired by energy giant ConocoPhillips (NYSE: COP) . The stock price remained up by 12.7% as ...

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