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ConocoPhillips (NYSE: COP) made a splash on May 29 when it announced an all-stock acquisition of Marathon Oil (NYSE: MRO). The purchase price represents a 14.7% premium to the closing price of ...
Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. ... ConocoPhillips has $63.05 billion in total assets ...
ConocoPhillips's plans to acquire independent oil and gas producer Marathon Oil in an all-stock deal for $22.5 billion including debt continues a recent string of deals in the energy space.
ConocoPhillips operated in Nigeria for more than 46 years. [29] In January 2013, Conoco announced that it would sell its Rocky Mountain assets to Denbury Resources for $1.05 billion. [30] In July 2016, the company agreed to sell a 35% stake in three Senegalese deepwater oil and gas exploration blocks for about $350 million to Woodside Petroleum ...
In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc. In 2007, the company became a public company via an initial public offering. [2] In 2008, the company acquired Henry Petroleum for $584 million. [3] In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion. [4]
May 30—ConocoPhillips and Marathon Oil just jumped on the merry-go-round of mergers that the energy industry has seen in recent months with ConocoPhillips having been the last of the major oil ...
ConocoPhillips’ interest was sold to Cenovus in May 2017, leaving Cenovus as the sole owner of the assets. [2] The complex is capable of refining 173,000 barrels (27,500 m 3) [1] of crude oil per day. Oil is supplied from the GoM, Canada, and domestic sources through pipelines.
ConocoPhillips's Debt According to the ConocoPhillips's most recent financial statement as reported on November 3, 2020, total debt is at $15.39 billion, with $14.90 billion in long-term debt and ...