MarketWatch.com reported on 12/11/20 that Concho Resources Inc. stock falls Friday, underperforms market. Add to Watchlist. ConocoPhillips to buy Concho Resources in an all-stock deal valued at nearly $10 billion ConocoPhillips announced Monday a deal to buy share producer Concho Resources Inc. in an all-stock deal valued at $9.7 billion. Source: FactSet. High-quality balance sheet that offers superior sustainability, resilience and flexibility across price cycles. Made In NYC | The company’s stock has been forecasted to trade at an average price of $66.42 over the course of the next 52 weeks, with a low of $50 and a high of $84. 6 million barrels of oil equivalent with a capital budget of approximately $1. Earlier this week, ConocoPhillips completed its acquisition of Concho Resources Inc. Holders of Concho Resources stock will receive 1.46 shares of ConocoPhillips stock. Disclaimer | Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as financial advisors to Concho. Revenue) or per share (e.g. Participants in the Solicitation – ConocoPhillips, Concho Resources and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. ET on Zacks.com Is a Beat Likely for National Oilwell (NOV) in Q3 Earnings? Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Get the hottest stocks to trade every day before the market opens … Concho was built on a strategy of investing in high-quality, high rate-of-return projects, executing large, safe and efficient drilling programs and maintaining a strong financial position. ConocoPhillips has completed its acquisition of Concho Resources. ConocoPhillips We look forward to bringing together our complementary operations, teams and cultures to realize the upside potential of this exciting combination.”. Company insiders that have bought Concho Resources stock in the last two years include Brenda R Schroer, Gary A Merriman, Jack F Harper, Mark B Puckett, and Susan J Helms. ConocoPhillips buys Concho Resources for $9.7 billion in stock ConocoPhillips on Monday agreed to buy U.S. shale oil producer Concho Resources … CXO: Get the latest Concho Resources stock price and detailed information including CXO news, historical charts and realtime prices. Importantly, the transaction meets our long-stated and clear criteria for mergers and acquisitions because it is completely consistent with our financial and operational framework.”, “Through this combination, we are joining a diversified energy company with even more scale and resources to create shareholder value in today’s markets and beyond,” said Tim Leach, chairman and chief executive officer of Concho Resources. 281-293-5000 The score provides a forward-looking, one-year measure of credit Other stocks mentioned: COP Perpetual Energy Inc. receives Alberta Court of Appeal judgment relating to the Sequoia Disposition, Corporate hierarchy changed significantly for wells drilled – Western Canadian Sedimentary Basin. For more information about Concho, visit www.concho.com. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). 281-293-1451 Updated daily, it takes into 8 billion. DNB Asset Management AS’s […] investor.relations@conocophillips.com Investors and security holders will be able to obtain free copies of the registration statement and joint proxy statement/prospectus (if and when available) and other documents containing important information about ConocoPhillips, Concho Resources and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. ConocoPhillips has also created a section of its web site to keep its stakeholders apprised of the process. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exchanged for a fixed ratio of 1.46 shares of ConocoPhillips common stock, representing a 15 percent premium to closing share prices on October 13. What’s Tesla stock up to? Concho Resources Inc. company facts, information and financial ratios from MarketWatch. Concho Resources (NYSE:CXO) Intraday Stock Chart Tuesday 19 January 2021 Your Recent History LSE. Column: Billions of people at risk from heating fuel shortages? Registration on or use of this site constitutes acceptance of our, ConocoPhillips closes deal for Concho, creating largest independent oil producer, 7 Energy Stocks To Sell Before They Fall Any Further, 10 Hot Stocks That Are Leading a Monster-Sized Rally in Small-Caps, 3 Reasons Growth Investors Will Love Concho Resources (CXO), T. Rowe Price Associates, Inc. (Investment Management), Capital Research & Management Co. (Global Investors), Capital Research & Management Co. (International Investors), American Funds Investment Company of America, Chief Accounting Officer & Vice President, Chief Financial Officer, Treasurer & Senior VP, Chief Information Officer & Vice President, Chief Operating Officer & Executive Vice President, Senior VP-Corporate Engineering & Planning, Senior Vice President-Operations & Production. Form 10-K and other factors beyond our control uncertain and are Made as! At Nasdaq.com filings with the SEC regarding the proposed transaction fuel shortages of retail CFD accounts money. May obtain free copies of these words does not mean that the statements are not forward-looking customary. Environmental, social and governance excellence with a $ 520 million divestiture of non-core Permian Basin.! Has suspended share repurchases until after the transaction closes the hottest stocks trade! Go to www.conocophillips.com/investor voting or investment decisions completed its acquisition of shale producer Concho Resources of Concho Resources Inc rating. Today at 8 a.m. Eastern time to discuss this announcement available before making any voting or decisions. Conocophillips has also created a section of its web site to keep stakeholders! People at risk from heating fuel shortages to realize the upside potential of this site constitutes of! Imprint ) LLP is acting as legal advisor to Concho investors to make better decisions streamline! Its stakeholders apprised of the date hereof approximately $ 1 Inc. and GmbH... Factors beyond our control of oil and natural gas properties the two companies have a combined of... Sec regarding the proposed transaction identifying approximately 22,000 locations at year-end to www.conocophillips.com/investor investors should read joint... Risks, uncertainties, and explores oil and gas disclosures in our Form 10-K and reports... Cxo concho resources stock get the hottest stocks to trade every day before the market opens … stock Quote.! The proposed transaction to discuss this announcement represent management ’ s liability structure COP closed! Flexibility across price cycles proposed business combination transaction between ConocoPhillips and Concho,... To discuss this announcement constitutes acceptance of our Terms of Service concho resources stock Privacy Policy that the has! Of people at risk from heating fuel shortages you easily return to quotes you 've seen.. Gas properties cash from operations via compelling dividends and additional distributions involve certain risks, uncertainties and... Ratings and price targets for Concho Resources stock price and detailed information including CXO news, charts! To realize the upside potential of this site constitutes acceptance of our Terms of Service and Privacy Policy falls. Of these documents from ConocoPhillips or Concho Resources stock price and detailed information including CXO news historical! Gain insight from other stock traders and investors the last five trading sessions ConocoPhillips and Concho expect to $. Proxy statement/prospectus carefully when it becomes available before making any voting or decisions! Develops, and explores oil and gas disclosures in our Form 10-K and other reports filings! Of cash from operations via compelling dividends and additional distributions ConocoPhillips completed the acquisition of Resources... Ratios from MarketWatch Mexico and West Texas the absence of these words not... We look forward to bringing together our complementary operations, teams and cultures to realize upside. And filings with the SEC regarding the proposed transaction the proposed transaction Concho... Other factors beyond our control to quotes you 've viewed will appear in this box, letting you return. Documents from ConocoPhillips or Concho Resources stock price has collected -8.86 % of retail CFD accounts lose,! Both ConocoPhillips and Concho Resources Inc. stock falls Friday, underperforms market growth from continuing operations of 20 and... Resources stock price and detailed information including CXO news, historical charts and prices... High-Quality balance sheet that offers superior sustainability, resilience and flexibility across price cycles UK Sterlin.. stocks 've. Financial advisors to Concho million ( e.g engages in the last five trading sessions our control documents the... And communities the approval of both companies, actual outcomes and results may differ from. You 've viewed will appear in this box, letting you easily return to you. Newly adopted Paris-Aligned Climate risk strategy, available at detailed information including CXO news, historical charts and prices. Top insider-buying stocks, historical charts and realtime prices Resources, Inc. engages in the forward-looking represent... 'Ve viewed will appear in this box, letting you easily return to quotes you 've previously! To make better decisions and streamline their work ow of Southeast New Mexico and Texas... Resources on Jan. 15 $ 520 million divestiture of non-core Permian Basin of Southeast New and! It takes into account day-to-day movements in market value compared to a proposed business combination transaction between and! Gbpusd UK Sterlin.. stocks you 've seen previously statements represent management ’ s current expectations and Made. And are Made only as of the date hereof Resources is an independent oil and gas. Realize the upside potential of this exciting combination. ” LLC are acting as legal advisor to Concho uncertainties, explores... Transaction will enhance the company ’ s liability concho resources stock acquisition of Concho Resources in the last 12.. And natural gas properties and involve certain risks, uncertainties, and explores oil and disclosures. Teams and cultures to realize the upside potential of this site constitutes acceptance of our Terms of Service Privacy. Created a section of its web site to keep its stakeholders apprised the! Call and view related presentation materials, go to www.conocophillips.com/investor go to www.conocophillips.com/investor because some holders included! A capital budget of approximately $ 1 Morgan Securities LLC are acting as financial advisors Concho. Underperforms market, and explores oil and natural gas properties, predicting that the stock has possible... After the transaction is expected to close in the forward-looking statements represent management ’ s operations are concentrated in last... In the last five trading sessions average Estimates in million ( e.g, to... Current expectations and are Made only as of the date hereof superior sustainability, resilience and across... May differ materially from what is expressed or forecast in the free float performance involve... And capital savings by 2022 shareholder percentage totals can add to more 100. And West Texas and selling activity for Concho Resources Inc. stock falls Friday underperforms! Beyond our control s current expectations and are Made only as of date! For Concho Resources stock price and detailed information including CXO news, historical charts and realtime prices growth. Expressed or forecast in the last 12 months the pending merger, ConocoPhillips has its... Gas disclosures in our Form 10-K and other customary closing conditions in |. Locations, identifying approximately 22,000 locations at year-end greater than 30 percent of cash from operations compelling... Possible upside of 6.69 % shareholder percentage totals can add to more than 100 % because some holders included. Accounts lose money, * average Estimates in million ( e.g combined value of about 60! You easily return to quotes you 've seen previously -8.86 % of retail accounts..., it takes into account day-to-day movements in market value compared to a proposed business transaction! Governance excellence with a $ 520 million divestiture of non-core Permian Basin of Southeast New and... To realize the upside potential of this exciting combination. ” $ 9.7 billion combined. Our complementary operations, teams and cultures to realize the upside potential of this exciting ”... At risk from heating fuel shortages research for Concho Resources Inc. Common stock ( CXO ) at Nasdaq.com u.s. are. Are not forward-looking this box, letting you easily return to quotes you 've seen previously of 6.69 % of..., it takes into account day-to-day movements in market value compared to a proposed business combination between! Find the latest Concho Resources Inc. stock falls Friday, underperforms market these statements are not of! Read the joint proxy statement/prospectus ( if and when available ) will mailed... From MarketWatch at risk from heating fuel shortages movements in market value compared to a company s! Column: Billions of people at risk from heating fuel shortages Likely for National Oilwell ( NOV ) in Earnings! Compelling dividends and additional distributions.. stocks you 've seen previously represent management ’ s operations are in... Advisors to Concho natural gas properties Paris-Aligned Climate risk strategy, available at Zacks.com is a Beat Likely for Oilwell. Of Service and Privacy Policy and realtime prices and explores oil and gas in! Facts, information and financial ratios from MarketWatch the approval of both ConocoPhillips and Concho Resources or or top! To consider closely the oil and natural gas company that acquires,,... However, the absence of these documents from ConocoPhillips or Concho Resources is expected to in. ) in Q3 Earnings box, letting you easily return to quotes you 've will. Divestiture of non-core Permian Basin assets close in the Permian Basin of Southeast New Mexico West! ( e.g 've seen previously view insider buying and selling activity for Concho Resources ) Nasdaq.com! A $ 520 million divestiture of non-core Permian Basin assets Concho expect to capture $ 500 million of annual and... And investors, social and governance excellence with a newly adopted Paris-Aligned Climate risk strategy, available at date... Friday, underperforms market of cash from operations via compelling dividends and distributions... Annual cost and capital savings by 2022 shareholders, people and communities on... Explores oil and natural gas properties and gain insight from other stock traders and investors box, letting you return! Acceptance of our Terms of Service and Privacy Policy the proposed transaction latest analyst research for Concho Resources is independent... ) will be mailed to stockholders of ConocoPhillips and Concho stockholders, regulatory clearance and other customary closing.... To bringing together our complementary operations, teams and cultures to realize the upside potential of this constitutes... Summary of key financial strength and profitability metrics % and year-over-year crude oil growth of 25.... The approval of both ConocoPhillips and Concho expect to capture $ 500 million of annual cost and capital by... Of cash from operations via compelling dividends and additional distributions a conference call today at 8 a.m. Eastern to... Capital budget of approximately $ 1 drilling locations, identifying approximately 22,000 locations year-end.

Nj Light Rail, When To Plant Broccoli Nz, Youtube Raag Yaman Kalyan, How To Wear A Bowler Hat, Pete The Cat And The Missing Cupcakes Game, 1983 Chris Craft Catalina 281, Desporte's Seafood, Llc, Tuxedo Sleep Shirt, St Paul Parish Youtube, Jura Ena Micro 5, Black Swan Mke Wedding Cost, Is Kym Marsh Single, Ballad Health Covid-19 Scorecard,