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 ...

The deal valued Concho at a 5% discount to our fair value estimate at the time, implying the deal is fair, although Conoco used undervalued equity as currency. ConocoPhillips added more acreage to its ...

ConocoPhillips is in talks to acquire rival Concho Resources Inc., according to people familiar with the matter, as one of America’s largest independent oil explorers looks to make a bold bet on shale ...

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 ...