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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]
In 2017, it sold its interests in the Athabasca oil sands for $2.5 billion and acquired assets in the Permian Basin for $1.2 billion. [22] [23] In March 2018, it sold its assets in Libya for $450 million to TotalEnergies SE. [24] [25] In December 2022, the company acquired assets in the Eagle Ford from Ensign Natural Resources for $3.0 billion ...
As per the agreement, Marathon Oil shareholders will receive 0.2550 ConocoPhillips shares for each share of Marathon Oil they hold. The acquisition price represents a 14.7% premium to the closing ...
The Alexander L. Kielland, a drilling rig operating in the Ekofisk gas field of the North Sea, capsized on 27 March 1980.The incident killed 123 people. The rig was owned by a Norwegian firm, Stavanger Drilling, and was chartered by Phillips Norway, a subsidiary of Phillips Petroleum Co. Survivors and relatives of the deceased sued Phillips Petroleum Co. for damages in federal court in Ohio ...
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.
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In 1988, the company was formed to own the resource assets of Burlington Northern Railroad. The company became a public company. In 1989, the company spun off Plum Creek Timber. [2] In 1997, the company acquired Louisiana Land & Exploration, gaining interest in properties in the Gulf of Mexico. [3]
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