(RTTNews) - ConocoPhillips (COP) and Concho Resources (CXO) announced Monday that they have entered into a definitive agreement to combine companies in an all-stock transaction valued at $9.7 billion.

ConocoPhillips COP is considering the acquisition of smaller rival Concho Resources Inc. CXO, per Bloomberg. The current market volatility might trigger more acquisitions in the oil and gas space.

ConocoPhillips COP has announced that it will purchase Permian-focused shale oil driller Concho Resources CXO for $9.7 billion, in the largest shale deal this year. ConocoPhillips shares gained more ...

(Bloomberg Opinion) -- Remember seven months ago, when a three-way supply war between Saudi Arabia, Russia and the U.S. was about to deal a mortal blow to America’s shale oil industry? Whatever ...

Despite the gloom-and-doom in the oil industry and the specter of a blue wave in Washington, ConocoPhillips is doubling down on crude by making a major acquisition. Despite the gloom-and-doom in the ...

ConocoPhillips is rated Buy with a $160 price target, supported by strong oil & gas prices and disciplined cost management. COP aims to reduce capital and operating expenses by $1B at an annualized ...

Reported third-quarter 2024 earnings per share of $1.76 and adjusted earnings per share of $1.78. Generated cash provided by operating activities of $5.8 billion and cash from operations (CFO) of $4.7 ...

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