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"With its premier global asset base, strong balance sheet and laser focus on operational excellence, ConocoPhillips' track record of long-term investments, differentiated shareholder distributions ...
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 ...
ConocoPhillips has $63.05 billion in total assets, therefore making the debt-ratio 0.24. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by ...
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.
Cenovus was formed in 2009 when Encana Corporation split into two distinct companies, [4] with Cenovus becoming focused on oil sands assets.. In 2017, Cenovus purchased ConocoPhillips' 50 percent share of their Foster Creek Christina Lake (FCCL) oil sands projects and most of their conventional assets in Alberta and British Columbia, including the Deep Basin.
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 ...
In 2002, Conoco merged with Phillips to become ConocoPhillips. The plant shut down in late September 2011, due to a low profit margin. [13] In 2012, downstream assets of ConocoPhillips were spun off to the newly formed Phillips 66. In 2012, Phillips 66 sold the refinery to Monroe Energy, LLC, a wholly owned subsidiary of Delta Air Lines. [14]
Big Oil keeps doing big deals. ConocoPhillips said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22.5 billion, including about $5.4 billion of debt.
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