What are Concho Resources worth?

Concho Resources

Industry	Petroleum industry
Revenue	US$4.592 billion (2019)
Operating income	US$−987 million (2019)
Net income	US$−705 million (2019)
Total assets	US$24.732 billion (2019)

What happened to Concho Resources stock?

In accordance with the terms of the merger agreement, each share of Concho common stock was converted into the right to receive 1.46 shares of ConocoPhillips common stock at the effective time of the merger. …

Who bought Concho?

ConocoPhillips
ConocoPhillips has completed its acquisition of Concho Resources. This website provides details about the acquisition. “This acquisition results in the combination of two premier companies that can lead the structural change for our vital industry that’s critical to investors.

Is Concho Resources a buy?

Concho Resources has received a consensus rating of Hold. The company’s average rating score is 2.43, and is based on 6 buy ratings, 8 hold ratings, and no sell ratings.

What’s a Concho?

concho in British English (ˈkɒntʃəʊ) nounWord forms: plural -chos. US. a metal ornament, often silver and round or oval, that is traditionally used on clothing in southwestern USA.

Is Concho Resources for sale?

ConocoPhillips COP -1.88% has agreed to buy Concho Resources Inc. for $9.7 billion in what would be the largest U.S. oil deal since the coronavirus pandemic began roiling global energy markets.

Who bought ConocoPhillips in Canada?

Cenovus
Cenovus paid $17.7 billion in that deal, including $14.1 billion in cash and 208 million shares. ConocoPhillips announced the plan to sell the shares as it reported its first-quarter results.

Is ConocoPhillips buying Concho Resources?

ConocoPhillips on Monday agreed to buy U.S. shale oil producer Concho Resources for $9.7 billion, as the energy sector continued to consolidate amid lower fuel prices and demand. The sector has been consolidating after many shale producers borrowed in a bet on higher prices.

Why did ConocoPhillips buy Concho Resources?