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ConocoPhillips (NYSE:COP) shares are trading higher after the company released fourth-quarter results. Here’s a breakdown of the report. Revenue of $14.74 billion, beating the consensus of $14. ...
ConocoPhillips Chairman-CEO Ryan Lance said the merger "further deepens our portfolio and fits within our financial framework, adding the high-quality, low-cost of supply inventory adjacent to our ...
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.
In May 2018, ConocoPhillips seized assets belonging to the Venezuelan state oil company PDVSA from the Isla refinery on Curaçao to collect on $2 billion owed since a 2007 court decision. [ 38 ] In March 2019, the World Bank ruled that Venezuela must pay ConocoPhillips $8.7 billion to compensate for the 2007 expropriation of oil assets.
The acquisition price represents a 14.7% premium to the closing share price of Marathon ... Post-deal closure and assuming recent commodity prices, ConocoPhillips targets repurchasing over $7 ...
In 2021, the company was acquired by ConocoPhillips. 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 and 37% was natural gas. Of these reserves, 55% were in the Delaware Basin and 45% were in the Midland Basin. [1]
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ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion. As part of the transaction, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips ...