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ConocoPhillips Completes Acquisition of Concho Resources
January 15, 2021 GMT
HOUSTON (BUSINESS WIRE) Jan 15, 2021
ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by shareholders of both companies.
“We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it will deliver,” said Ryan Lance, ConocoPhillips chairman and chief executive officer. “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. We expect the company to deliver differential performance on three key mandates: providing affordable energy to the world, generating superior returns on and of capital and demonstratin
The Facts:
In 1994, more than 60 school children in Ruwa, Zimbabwe witnessed the landing of a spacecraft by their schoolyard. Multiple beings came out of the craft and were apparently seen by the children.
Reflect On:
All of these children told the same story, drew the same pictures and received the same telepathic messages. Many are still speaking about the incident today. It impacted and changed their lives forever.
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Newsmakers in 2020: Midlanders capture headlines in turbulent year
Dec. 29, 2020
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Dr. Larry Wilson, Midland Health chief medical officer, and President and CEO Russell Meyers stand outside Midland Memorial Hospital on Dec. 7. The two men have kept Midlanders informed about the COIVID-19 situation in Midland County.Jacy Lewis/Reporter-TelegramShow MoreShow Less
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Rick Davis is sworn in as a member of the school board on Jan. 22, 2019, at Bowie Fine Arts Academy. Davis’ wife, Karen, is holding the Bible.James DurbinShow MoreShow Less
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Rosalind Redfern Grover, left, and Richard Coats look over the early voting results for the Midland County Hospital District bond election on July 14.Tim Fischer/Midland Reporter-TelegramShow MoreShow Less
Year in Review: ConocoPhillips s Concho Resources deal was a Deal of the Week bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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The Worst May Be Over For U.S. Oil By Irina Slav - Dec 22, 2020, 12:00 PM CST
More than 40 oil and gas companies in the United States filed for bankruptcy protection in the first eleven months of this year, according to Haynes & Boone’s latest report. Their cumulative debt load is $24.732 billion. And yet, things in the U.S. oil patch may not be as bad as the number of bankruptcies might suggest.
Bloomberg Intelligence recently reported the value of oil and gas bonds trading at a distressed level in mid-March totaled $144 billion. By the end of November, this was down to $37 billion. And analysts expect a lot fewer bankruptcies next year.