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Conocophillips

All articles tagged with #conocophillips

Analysts Flag Three Dividend Stocks for Steady Income: ARCC, COP, DVN
markets13 days ago

Analysts Flag Three Dividend Stocks for Steady Income: ARCC, COP, DVN

Top Wall Street analysts highlight three dividend-paying stocks—Ares Capital (ARCC), ConocoPhillips (COP), and Devon Energy (DVN)—as attractive income plays, noting ARCC’s ~9.6% yield backed by solid credit metrics, COP’s ~2.9% yield supported by strong free cash flow and long-term capital returns, and DVN’s ~2.1% yield ahead of a planned dividend uptick and a Coterra merger; each stock has buy ratings from major banks with favorable price targets.

via CNBC|
#ares-capital#conocophillips#devon-energy
Libya inks 25-year oil pact with TotalEnergies and ConocoPhillips to boost output
business1 month ago

Libya inks 25-year oil pact with TotalEnergies and ConocoPhillips to boost output

Libya plans to sign a 25-year oil development agreement through Waha Oil Company with TotalEnergies and ConocoPhillips, backed by more than $20 billion in foreign financing, aiming to boost production by up to 850,000 barrels per day and generate over $376 billion in net revenues. The deals, to be signed at the Libya Energy and Economy Summit in Tripoli, reflect Libya’s push to solidify international energy partnerships despite years of disrupted output, with additional MOUs involving Chevron and cooperation with Egypt’s oil ministry announced alongside the main accord.

via CNBC|
#business#conocophillips#libya
"Key Insights Before the Stock Market Opens"
stock-market-update1 year ago

"Key Insights Before the Stock Market Opens"

Rising Treasury yields negatively impacted major stock indexes, with the Dow Jones falling the most. Salesforce shares dropped over 15% in premarket trading due to weaker-than-expected revenue. ConocoPhillips announced a $17 billion acquisition of Marathon Oil, expanding its shale field assets. Abercrombie & Fitch reported its strongest first quarter ever, with sales and profits significantly exceeding expectations. Nelson Peltz sold all his Disney stock, making about $1 billion after losing a proxy battle last month.

via CNBC|
#abercrombie-and-fitch#conocophillips#nelson-peltz
ConocoPhillips Acquires Marathon Oil for $22.5 Billion
business1 year ago

ConocoPhillips Acquires Marathon Oil for $22.5 Billion

ConocoPhillips announced a $22.5 billion all-stock acquisition of Marathon Oil, including $5.4 billion in debt. Marathon Oil shareholders will receive a 14.7% premium on their shares. The deal, expected to close in Q4, will enhance Conoco's shale assets and increase its market capitalization to over $150 billion. ConocoPhillips plans to boost its dividend and repurchase more than $20 billion in shares over the next three years. Marathon Oil stock rose 8.5%, while ConocoPhillips shares fell 3% following the announcement.

via Investor's Business Daily|
#acquisition#business#conocophillips
ConocoPhillips Acquires Marathon Oil in $17B All-Stock Deal
business1 year ago

ConocoPhillips Acquires Marathon Oil in $17B All-Stock Deal

ConocoPhillips has agreed to acquire Marathon Oil for $22.5 billion in an all-stock deal, marking the latest major consolidation in the U.S. energy sector. The acquisition, expected to close in Q4 2024, will add over 2 billion barrels of reserves to ConocoPhillips' portfolio and is anticipated to generate $500 million in cost savings within the first year. The deal follows other significant mergers in the industry and has raised some antitrust concerns, although the FTC views the impact on the global market as minimal.

via Reuters|
#antitrust#business#conocophillips
ConocoPhillips Acquires Marathon Oil in $17B All-Stock Deal Amid Rising Energy Prices
business1 year ago

ConocoPhillips Acquires Marathon Oil in $17B All-Stock Deal Amid Rising Energy Prices

ConocoPhillips is acquiring Marathon Oil in an all-stock deal valued at $17.1 billion, or $22.5 billion including debt, amid rising energy prices. The acquisition, expected to close in the fourth quarter, will add valuable acreage to ConocoPhillips' U.S. onshore portfolio. The deal follows a trend of mergers in the energy sector, though it may face antitrust scrutiny from U.S. regulators. Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips stock for each share they own. ConocoPhillips plans to increase its dividend and repurchase shares post-acquisition.

via The Associated Press|
#acquisition#antitrust#business
ConocoPhillips Acquires Marathon Oil in $22.5B Mega-Merger
business1 year ago

ConocoPhillips Acquires Marathon Oil in $22.5B Mega-Merger

ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal valued at $22.5 billion, including $5.4 billion of debt. Marathon shareholders will receive 0.255 ConocoPhillips shares per Marathon share, a 14.7% premium. The merger is part of a broader trend of consolidation in the oil industry, with major companies like ExxonMobil and Chevron also making significant acquisitions. The deal is expected to close in the fourth quarter of 2024, pending shareholder and regulatory approval.

via CNN|
#acquisition#business#conocophillips