Is conocophillips a takeover target. agreed to merge in an all-stock deal valued at $15.

com Oct 24, 2023 · ConocoPhillips could be the next U. 2%). Tortoise Portfolio Manager Rob Thummel joins the Morning Brief to explain why this acquisition has come Our near-term targets have a priority focus on flaring and methane emissions. 7 8. 2 48. I predict that Diamondback Energy (NASDAQ:FANG) will be the next publicly traded tier-1 M&A target in the Permian and that ConocoPhillips will be the likely acquirer. 8 million m3 produced per day; - liquefied natural gas (4. In 2021, ConocoPhillips completed the acquisition of Concho Resources and the Permian assets held by Shell, which were significant additions to our portfolio. ConocoPhillips will buy Marathon Oil in an all-stock transaction valued at $22. 00, while the lowest price target for COP is $120. com. , the energy explorer with more than 7,000 wells in the largest U. 61 per share. 9 billion, or $2. For more information, go to www. May 30, 2024 · Several analysts expressed their views on ConocoPhillips' deal to acquire Marathon Oil in an all-stock transaction with an enterprise value of $22. 3 8. Net sales break down by family of products as follows: - crude oil (52. Another possibility is Chevron if its deal for Hess ConocoPhillips (NYSE:COP) is considering an offer for privately-held Permian Basin oil producer CrownRock, Reuters reported Thursday, a week after reports said Devon Energy (DVN) is looking at May 29, 2024 · ConocoPhillips is in advanced talks to buy Marathon Oil in a potential all-stock deal that would value the Houston-based target company at a little over its current $15bn market value, people Feb 2, 2023 · Download . energy exploration and production universe, seeking additional companies that could be takeover targets of such Exxon competitors as Chevron and ConocoPhillips. 1 billion. N) on Tuesday posted a second-quarter profit that nearly doubled from the first and topped analysts estimates, helped by higher oil and gas prices and production. Yet any prospective ConocoPhillips (NYSE:COP) is considering an offer for privately-held Permian Basin oil producer CrownRock, Reuters reported Thursday, a week after reports said Devon Energy (DVN) is looking at May 29, 2024 · US energy giant ConocoPhillips announced Wednesday that it will acquire competitor Marathon Oil in an all-stock transaction valued at $22. shale assets, providing earnings, cash flow, and shareholder distribution benefits. 71, with a low estimate of 120 and a high estimate of 160. Dennis Nuss (media) 281-293-4733 dennis. 06 51 Comments. oil giant, has announced a definitive agreement to acquire Marathon Oil Corporation MRO in an all-stock transaction valued at $22. And Aug 1, 2024 · The beat comes as ConocoPhillips is pursuing a $22. 19, 2019 2:41 AM ET ConocoPhillips (COP) Stock SHEL, XOM, BP, CVX 223 Comments 33 Likes. Total and Conocophillips could come calling, eyeing Aug 12, 2024 · A Marathon Oil Corp. 00% from the current stock price of 111. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil . 18-0. Michael Fitzsimmons. 140. May 29, 2024 · HOUSTON (Reuters) -Top U. agreed to merge in an all-stock deal valued at $15. Oct 23, 2023 · ConocoPhillips began aggressively expanding in the Permian basin during the Covid-19 pandemic with its $13 billion takeover of Concho Resources, one of the region’s biggest independent explorers. Apr. Excluding special items, fourth-quarter… Nov 7, 2023 · There is already market chatter about ConocoPhillips COP and that's what gives interim CEO Murray Auchincloss some measure of confidence to rubbish speculation about BP being a takeover target. ’s $60 billion takeover of Pioneer Natural Resources. 04%) 4:00 PM 08/16/24. 255 given the premium paid and management support for the ConocoPhillips offer, and sees a low ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. 255 shares of ConocoPhillips. Pioneer May 29, 2024 · HOUSTON (Reuters) -Top U. 62. , ConocoPhillips and Exxon. Aug 18 1:51pm ET ConocoPhillips price target lowered to $156 from $160 at Aug 3, 2018 · Article content. 4 billion COP ConocoPhillips. Mar 23, 2015 · ConocoPhillips (NYSE:COP) calls remain popular amid Exxon Mobil Corporation (NYSE:XOM) rumors Apr 12, 2024 · Meanwhile, Equinor shares a similar non-oil spending target with BP while ConocoPhillips is one of the few American players that has not splurged on domestic acquisitions. Methane Jun 11, 2024 · ConocoPhillips and Marathon Oil announced a $22. In a lawsuit filed Monday in New York state court, Martin Siegel says the Conoco deal could deprive Marathon ConocoPhillips verview Fact Sheet — Ma 2023 2 Financial Performance ($ billion unless specified) FY 2022 FY 2021 Total revenues and other income 82. 61, which is higher than the 52-week low of $105. 3% or ConocoPhillips COP 0. Trading platform Robinhood launches $1B share buyback plan. Nov 12, 2014 · About ConocoPhillips. 95 Earnings (loss) per share ($) 14. shale basins including in Texas and North Dakota. history at that time. giants like Exxon Mobil, Chevron and ConocoPhillips trade at double BP’s multiple. Mar 22, 2024 · However, it might be of interest to ConocoPhillips, which, like Devon, struck out on its rumored acquisition targets (CrownRock and Endeavor). 07 May 29, 2024 · According to S&P Global Market Intelligence, the consensus analyst target price for COP stock is $142. and a $9. oil and gas industry has been riding a consolidation wave over the last two years as companies look to bolster reserves and create economies of scale. 3 billion) company has underperformed its competitors for years, which investors and analysts say has made the British firm a potential takeover target. 5 billion, in what could mark the end of several years of consolidation among the Oct 19, 2020 · The following important factors and uncertainties, among others, could cause actual results or events to differ materially from those described in these forward-looking statements: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to Jun 30, 2021 · ConocoPhillips (COP. Set targets for emissions over which we have ownership and control, with an ambition to become a net-zero company for Scope 1 and Scope 2 emissions by 2050. and Conoco Inc. The sensitivities provided on Feb. oil producer ConocoPhillips on Thursday beat Wall Street's estimates for third-quarter profit and raised its quarterly dividend 14%, amid higher prices and production. 6 billion, or $1. 38 per share, compared with first-quarter 2022 earnings of $5. Marathon Oil price target lowered to $27. 39 per share, and first-quarter… May 29, 2024 · HOUSTON, May 29, 2024--ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update. Other big deals in the past year include Exxon Mobil Corp. 30, 2014. Meanwhile, the Feb 12, 2024 · There has long been speculation that Endeavor was a takeover target. 8 million acres in Permian basin. 4 days ago · See the latest ConocoPhillips stock price (COP:XNYS), related news, valuation, dividends and more to help you make your investing decisions. 65. The company is now flexible enough to make a major acquisition in the shale patch May 29, 2024 · Post-deal closure and assuming recent commodity prices, ConocoPhillips targets repurchasing over $7 billion in shares in the first full year (up from over $5 billion standalone) and over $20 ConocoPhillips said that independent of the deal, it plans to lift its ordinary base dividend by 34% to 78 cents per share beginning in the fourth quarter of 2024. 0 Dividends declared per share ($) 4. onshore portfolio. that Conocophillips's share price could reach $144. oil giants are in the midst of the industry's biggest consolidation for decades, but European oil majors have to date not been involved. The average Conocophillips stock price prediction forecasts a potential upside of 31. 7 billion in 2022, the highest since the oil company spun off its refining business in 2012, benefiting as crude prices climbed Nov 2, 2022 · The current focus is on full-scale development utilizing large multiwell pad projects targeting both Spraberry and Wolfcamp reservoir targets, according to ConocoPhillips. 4 billion in debt, a Nov 2, 2023 · ConocoPhillips (NYSE:COP) has been discussed as a takeover target again and again, but Warren Buffett may be the only natural suitor at this point. It adds to a wave of recent megadeals as producers seek new drilling sites on a bet that oil and gas demand will remain robust for years to come. May 4, 2023 · Download . Devon Energy Corp previously held talks with Marathon last year over a potential combination, people familiar with the matter told Bloomberg News at Oct 12, 2021 · Stay updated on the latest in U. Apr 19, 2019 · ConocoPhillips: A Major M&A Target. The U. 57 6. Achieve a target of zero routine flaring by 2025, five years sooner than the World Bank Initiative’s goal of 2030. May 30, 2024 · ConocoPhillips (COP), the U. May 29, 2024 · ConocoPhillips had already expanded in the Permian in recent years through a $13 billion takeover of Concho Resources Inc. All will have May 29, 2024 · Big Oil keeps doing big deals. ConocoPhillips announced on Monday that it was acquiring Concho Resources for $9. 4 billion in debt. The company's current stock price is $116. May 29, 2024 · By Barbara Kollmeyer . Oct 23, 2023 · Some takeover premium may be leaking out of Occidental stock. 31, 2020. The deal has an enterprise value of $22. 5 billion, including $5. The average price target represents a forecasted upside of 28. 52%). May 30, 2024 · “That changed today with the announcement that ConocoPhillips is set to acquire Marathon Oil in an all-stock deal that values the latter at $22. Dittmar wrote that what makes the company unique and so desirable as an acquisition target has been its long history. 5 BBOE as of Dec. Duplicative counting of end-use emissions along the oil and natural gas value chain makes accurate accounting and credible target-setting ConocoPhillips on Wednesday announced an all-stock deal for Marathon Oil Corp. There is much consolidation in the energy business. Anadarko had 240,000 Permian basin acres. in an all-stock deal valuing the company at about $17 billion, extending a major buying spree among the largest players in the US oil and gas May 30, 2024 · NEW YORK: US energy giant ConocoPhillips announced Wednesday that it will acquire competitor Marathon Oil in an all-stock transaction valued at $22. , the Permian Basin of Texas and New Mexico. 0%, would be a more complex and gas-heavy deal than, for example, ExxonMobil’s XOM -0. upstream dealmaking as ConocoPhillips takes over Shell's Permian stakes in 3Q, according to Enverus. independent oil and gas producer ConocoPhillips on Wednesday agreed to buy Marathon Oil for $22. The deal is expected to close in Oct 12, 2023 · That robust expansion has exhausted some of the Permian’s highest-quality drilling targets, ConocoPhillips. May 30, 2024 · The move expands ConocoPhillips' footprint in domestic shale fields from Texas to North Dakota and hands the company reserves as far afield as Equatorial Guinea. U. Contacts . 5 billion, incorporating the takeover of $5. Advanced the company’s net-zero ambition with an increase in Scope 1 and 2 greenhouse gas emissions-intensity reduction targets to 40-50% from a 2016 baseline on a net equity and gross operated basis by 2030, from the previous target of 35-45% on only a gross operated basis. players to the top ranks of world oil companies and uniting two of Nov 6, 2023 · Five potential takeover targets in the oil industry, following deals by Exxon Mobil and Chevron Wong referred to speculation that ConocoPhillips was considering making a bid for the privately Oct 19, 2020 · The acquisition gives ConocoPhillips, the largest oil producer in Alaska, a much larger footprint in the hottest oil field in the U. 4 billion of net debt, the companies announced Wednesday Nov 2, 2022 · With over 2,500 ft of high-quality reservoir targets in the Spraberry, Dean and Wolfcamp formations, ConocoPhillips has more than a decade of remaining development inventory. In December, Occidental Petroleum Corp. 3, 2022, reflect the company’s increased interest in APLNG. 111. 30%) made a splash on May 29 when it announced an all-stock acquisition of Marathon Oil (MRO 1. energy company looking to make a big purchase, according to KeyBanc analysts. Blair Thomas, chairman and chief executive of EIG Partners, has a Plan B for $20 billion takeover target Origin Energy, but it is not what you think. It is based in the Energy Corridor district of May 29, 2024 · Big Oil keeps doing big deals. to ConocoPhillips to one of the industry’s biggest May 29, 2024 · ConocoPhillips is set to acquire Marathon Oil in an all-stock deal valued at $17. Dec 1, 2021 · Production excluding Libya averaged 1,514 MBOED for the nine months ended Sept. Apr 26, 2019 · At a market cap of $74. 5 billion takeover of Marathon Oil , opens new tab, one of the largest deals of the quarter that is currently under review by the Federal Trade Nov 2, 2021 · As part of a commitment to ESG excellence, announced an improvement to the company’s Scope 1 and 2 greenhouse gas emissions-intensity reduction targets from a 2016 baseline to 40-50% on a net equity and gross operated basis by 2030, from the previous target of 35-45% on only a gross operated basis. The purchase price represents a 14. May 29, 2024 · ConocoPhillips agreed to acquire Marathon Oil Corp. In September, Reuters reported that CrownRock. Sep 20, 2021 · Production excluding Libya averaged 1,518 MBOED for the six months ended June 30, 2021, and proved reserves were 4. Nov 6, 2023 · To answer the first question, Wong referred to speculation that ConocoPhillips (COP) was considering making a bid for the privately held CrownRock. 52 per share, compared with fourth-quarter 2022 earnings of $3. Dingmann, in a note earlier this week, also said he sees Civitas Resources (CIVI) as a likely potential target with companies including ConocoPhillips (), Coterra Energy and Devon Energy standing Nov 2, 2023 · U. It was the largest merger in U. Devon missed energy deal wave as acquisition targets were skeptical - Reuters SA News Thu, Jun. 95% from the current price of $111. Jun 2, 2024 · ConocoPhillips (COP 1. ConocoPhillips said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22. 40. However, Diamondback is a Permian Basin pure-play that may be one of the most appealing potential takeover targets Mar 27, 2023 · Production averaged 1,738 MBOED for the 12 months ended Dec. 7% on the May 29, 2024 · Big Oil keeps doing big deals. 05 (-0. Our 2025 targets are as follows: ACHIEVED IN 2021: Meet a 10% methane emissions intensity reduction target by 2025 from a 2019 baseline. Oct 29, 2013 · Pioneer Natural Resources Co. Jan 15, 2021 · ConocoPhillips today announced that it has completed its acquisition of Concho Resources following approval by shareholders of both companies. 3 Net income (loss) attributable to ConocoPhillips (earnings) 18. 5 billion purchase of Shell Plc’s assets in the region. com Citi's Scott Gruber believes the takeover will close at the agreed upon conversion ratio of 0. 31, 2022. 5 billion, in what could mark the end of several years of consolidation among the Feb 2, 2023 · ConocoPhillips said on Thursday its profit more than doubled to $18. 4 billion of debt. independent oil producer ConocoPhillips said on Friday it received a second request from the U. 5 billion including debt continues a recent string of deals in the energy space. ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. -- # # # ---About ConocoPhillips 2 days ago · ConocoPhillips has a strong consensus rating of "Moderate Buy" with an average price target of $145. Oct 21, 2020 · The price target for the shares at Goldman Sachs is $57, though the Wall Street consensus target is higher at $63. , which would extend a major wave of consolidation among the US oil and gas industry, according to people familiar with the matter. Over the past decade, ConocoPhillips has outperformed Exxon and Chevron in terms of total returns to shareholders, thanks to its focus on efficiency and total returns rather than simply Oct 17, 2023 · A wave of high-profile mergers and acquisitions in the Canadian oilpatch is a sign of an industry that is flush with cash and increasingly confident in the short- and medium-term outlook for Oct 18, 2023 · We screened our 24/7 Wall St. ConocoPhillips said that independent of the deal, it plans to lift its ordinary base dividend by 34% to 78 cents per share beginning in the fourth quarter of 2024. Feb 8, 2024 · Download . US major considering offer for privately held CrownRock, according to agency reports. 81, representing implied upside of more than 24% to current levels. oil field, may draw buyers from Chevron Corp. Double counting . 5 billion, including about $5. That represents a nearly 15% premium based on Tuesday's closing prices. 61 from $29 at May 29, 2024 · ConocoPhillips has already expanded in the Permian Basin in recent years through a US$13 billion takeover of Concho Resources and a US$9. Merck to buy eye-care startup EyeBio for up to $3B - report. Oct 26, 2023 · Chase D'animulls. ConocoPhillips joins the ranks of major drillers pursuing production growth via recent acquisitions. N) on Wednesday raised its share buyback plans by $1 billion and again lifted expected savings from its $10 billion acquisition of Permian basin-focused Concho Resources. shareholder sued to block its proposed acquisition by ConocoPhillips, claiming the $17 billion deal “significant undervalues” the target company. 6%): 279,000 barrels produced per day; - other (8. “This acquisition of Marathon Oil further deepens our portfolio and fits within our May 29, 2024 · Under the deal's terms, Marathon Oil stockholders will exchange each share for 0. nuss@conocophillips. EOG Resources stock closed trading on Tuesday at $36. Taken over by oxy Short squeeze still in process Institutions increased ownership to 95% 35 million share still short. Nov 19, 2001 · Phillips Petroleum Co. But It's A Hedge Against Chaos. 2 million barrels per day of oil Find the latest ConocoPhillips (COP) stock quote, history, news and other vital information to help you with your stock trading and investing. Excluding special items, fourth-quarter… May 29, 2024 · ConocoPhillips on Wednesday announced an all-stock deal for Marathon Oil Corp. Investor Relations 281-293-5000 investor. 8, 2024--ConocoPhillips (NYSE: COP) today reported fourth-quarter 2023 earnings of $3. “This acquisition of Marathon Oil further deepens our portfolio and fits within our financial framework, adding high-quality, low cost of supply inventory adjacent to our leading U. conocophillips. Feb 17, 2022 · ConocoPhillips’ full-year 2021 production from APLNG was 113 thousand barrels of oil equivalent per day (MBOED) and full-year 2021 financial distributions were approximately $750 million. 0 billion, or $2. 28 a share. 7% premium to the closing price of May 29, 2024 · ConocoPhillips expects to achieve the full $500 million of cost and capital synergy run rate within the first full year following the closing of the transaction. The momentum has carried over into this Feb 14, 2024 · So, a buyout by a larger company like, say, Chevron CVX +0. 30, 2021, and proved reserves were 4. S. relations@conocophillips. ConocoPhillips on Wednesday announced an all-stock deal for Marathon Oil Corp. 5 billion, the latest in a series of mega-deals in the energy industry. 3%): 88. that values the latter at $17. 2 billion, or $2. 5 billion. ConocoPhillips is a US-based independent exploration and production firm. 61 per share, compared with fourth-quarter 2021 earnings of $2. 2 days ago · COP | Complete ConocoPhillips stock news by MarketWatch. The average target predicts an increase of 29. The facility was originally designed as a one million barrels/day crude oil reception, processing, storage and trans-shipment installation. View ConocoPhillips COP stock quote prices, financial information, real-time forecasts, and company news from CNN. Analyst Price Targets. Nov 6, 2023 · R. It targets repurchasing over $7 Feb 13, 2024 · Diamondback Energy Inc. 31, 2022, and proved reserves were 6. 5 billion, the oil major said in a press announcement. 5 billion takeover of Marathon Oil, one of the largest deals of the quarter that is currently under review by the Federal Trade Commission. Chevron (CVX) was considered a potential buyer for Occidental, given that both companies are big players in the Permian basin. 5% acquisition of pure Including debt, the enterprise value of the deal is $22. 5 billion, as it includes $5. 17 billion, elevating two midtier U. Aug 3, 2021 · Conocophillips (COP. 120. View real-time stock prices and stock quotes for a full financial overview. Oct 19, 2020 · Now some are seeking out merger and acquisition targets to reduce costs. May 29, 2024 · ConocoPhillips also announced it will raise its quarterly dividend in Q4, 2024 by 34% to 78 cents per common share, a move it says is independent of the merger with Marathon Oil. Follow $111. The two new oil strikes with Total partnership not yet quantified. 5 billion Jan 15, 2021 · These include the ability to successfully integrate Concho’s businesses and technologies; the risk that the expected benefits and synergies of the merger may not be fully achieved in a timely manner, or at all; the risk that ConocoPhillips will be unable to retain and hire key personnel; unanticipated difficulties or expenditures relating to Apr 12, 2024 · BP’s depressed shares make it an appealing target. 7 billion, the biggest deal in the On average, Wall Street analysts predict. Feb 13, 2024 · Diamondback Energy (FANG) becomes an acquisition target after its blockbuster deal, with Chevron, Conoco and Exxon likely buyout candidates, Tortoise Capital's Rob Thummel said. Upon closing of Aug 20, 2020 · ConocoPhillips specializes in exploring and producing hydrocarbons. ConocoPhillips operates the Teesside terminal. All for a company whose headline production for Q1 2024 is actually down 2. Aug 1, 2024 · The beat comes as ConocoPhillips is pursuing a $22. 1 Adjusted earnings (loss)* 17. Jan 31, 2002 · Chevron eyeing Phillips, Conoco / Board discusses hostile takeover bid May 29, 2024 · ConocoPhillips agreed to acquire Marathon Oil Corp. "We appreciate the strong support for this May 29, 2024 · The deal allows ConocoPhillips to expand its presence in several key U. PDF HOUSTON – ConocoPhillips (NYSE: COP) today reported first-quarter 2023 earnings and adjusted earnings of $2. Jun 18, 2014 · But spotting potential takeover targets takes facts, analysis, and homework, not rumors. May 29, 2024 · ConocoPhillips's plans to acquire independent oil and gas producer Marathon Oil in an all-stock deal for $22. The brokerage currently has a “neutral” rating on the energy producer’s stock. Devon ( DVN ) itself may become a target for larger players if it can't get bigger, analysts told the FT. 34 Average. 9 billion, a takeover of ConocoPhillips is unlikely. May 29, 2024 · ConocoPhillips is looking to scoop up Marathon Oil - FT. energy sector shows little sign of slowing down. 77, showing potential for growth. Look for the smaller deals now, fund manager says . The Oklahoma City company is seen as a possible takeover target because of its May 29, 2024 · ConocoPhillips is in advanced talks to acquire Marathon Oil Corp. Jan 6, 2020 · The Hottest Permian Takeover Targets For 2020 By Charles Kennedy - Jan 06, 2020, ConocoPhillips, Pioneer Natural Resources, Noble Energy, Devon Energy and Diamondback Energy. 6 BBOE as of Dec. May 29, 2024 · The acquisition will add 2 billion barrels of resources to ConocoPhillips' portfolio, extending its reach in shale fields in Texas, New Mexico and North Dakota. While May 15, 2019 · ConocoPhillips is the largest of the independents and has divested significant other assets in recent years. As an upstream producer, ConocoPhillips does not control how the commodities we sell into global markets are converted into different energy products or selected for use by consumers. May 29, 2024 · The Big Oil mergers keep coming. 40 Current. ’s blockbuster deal for Endeavor Energy Resources LP makes the company’s shares the best way to invest in the prolific Permian basin in Texas and — in the long run Jun 7, 2020 · Is Apache a takeover target with these increasing oil prices? Apache holds 1. It turns out that Anadarko doesn't really stack up well against other energy stocks as a takeover candidate. PDF HOUSTON-Feb. Aug 12, 2024 · (Bloomberg) -- A Marathon Oil Corp. 5 billion purchase of Shell plc’s assets in the region. Oct 20, 2020 · ConocoPhillips had its target price decreased by stock analysts at Bank of America to $46 from $50. Apr 11, 2024 · The 88 billion-pound ($110. Sep 26, 2011 · Thanks David Zanoni for this report on natural gas companies that are takeover candidates for the big oil companies. We have had a privatization offer for AGT Food Ingredients, a Brookfield takeover of Enercare, and the near-daily overtures towards Aimia Inc. Here are the potential targets. 9%): 923,000 barrels produced per day in 2023; - natural gas (34. com Takeover Targets In 1981, DuPont acquired Conoco after a heated takeover battle, and Conoco became a wholly owned DuPont subsidiary. Oil was first received in 1975, and the main processing plant was completed in 1979. 00. 8 billion, or $4. 5 billion, as consolidation in the U. May 29, 2024 · However, the enterprise value of the transaction stands at $22. Despite a 3% jump on Friday morning, the company’s market value is less than 4 times its expected cash flow for the next 12 months, below European rivals like Shell, Equinor and France’s TotalEnergies. Latest News. unconventional position,” ConocoPhillips Chairman and CEO Ryan Lance said in a May 29, 2024 · The following important factors and uncertainties, among others, could cause actual results or events to differ materially from those described in forward-looking statements: ConocoPhillips’ ability to successfully integrate Marathon’s businesses and technologies, which may result in the combined company not operating as effectively and May 29, 2024 · Morningstar brands and products Company Get 7 Days Free Feb 11, 2024 · Diamondback fended off competition from other parties including ConocoPhillips Deals category Media veteran Bronfman raises bid for Paramount takeover to trims China targets August 21, 2024. May 29, 2024 · Top U. Find out how M&A activity is shaping up and the impact on Apr 26, 2023 · Another ripe target is closely held Endeavor Energy Resources, which has a massive position in the Permian and has drawn interest in the past from Chevron Corp. 99 1. Dec 19, 2023 · The top 10 producers include PXD, EOG , ConocoPhillips , Exxon Mobil, Diamondback Energy , Devon Energy and Chevron, along with private Mewbourne Oil and Endeavor Energy Resource. With over 2,500 ft of high-quality reservoir targets in the Spraberry, Dean and Wolfcamp formations, ConocoPhillips has more than a decade of remaining development inventory. May 29, 2024 · ConocoPhillips said Wednesday that the transaction will add highly desired acreage to its existing U. a holding of Berkshire Hathaway agreed to Jul 12, 2024 · Top U. Diamondback Energy (NASDAQ:FANG) "will become an acquisition target in 2025" following its blockbuster deal for Endeavor Energy Resources, Tortoise Capital Advisors senior portfolio manager Rob May 29, 2024 · The takeover agreement represents a 14. Oct 26, 2023 · ConocoPhillips is considering an offer for CrownRock LP, an energy producer in the west Texas area of the Permian basin, people familiar with the matter said, as consolidation in the sector picks 4 days ago · According to the 19 analysts' twelve-month price targets for ConocoPhillips, the average price target is $143. Address Scope 3 emissions: Advocate for a well-designed, economy-wide price on carbon and engage in development of other policy and legislation to address end-use emissions. 5 billion merger, enhancing ConocoPhillips' U. The highest price target for COP is $160. 4 Dec 7, 2023 · Santos, worth A$22bn and long tipped as a takeover target, said the talks were “preliminary” and it was assessing “a range of alternative structural options” to unlock value. 69, indicating positive sentiment from analysts. 85% from the current COP share price of $109. 32. PDF HOUSTON – ConocoPhillips (NYSE: COP) today reported fourth-quarter 2022 earnings of $3. Contacts. May 3, 2023 · Santos has landed on resource investors’ radar with research house E &P Financial tipping the oil and gas giant as a takeover target. 5 billion, in what could mark the end of several years of consolidation among the Oct 26, 2023 · ConocoPhillips tipped to join oil and gas takeover spree with $15 billion swoop. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 27 countries, $55 billion in annualized revenue, $119 billion of total assets, and approximately 19,000 employees as of Sept. 98 per share. Not as a potential takeover target. The 14 analysts with 12-month price forecasts for ConocoPhillips stock have an average target of 143. Devon held talks with Marathon , but ConocoPhillips came out on top, according to the FT. Oct 31, 2023 · Summary. 54 by Aug 20, 2025. There has been lots of takeover action in the Canadian small/mid cap space over the past two weeks. In 2023, it produced 1. in an all-stock deal valuing the company at about $17 billion, extending a major buying spree among the largest players in the US oil and gas industry. 7% premium to the last closing share price for Marathon, the companies said in a statement Wednesday. Had we set absolute emissions reduction targets, they would have needed to be adjusted to reflect the portfolio changes, making it harder to manage and potentially more confusing for May 29, 2024 · ConocoPhillips has agreed to buy Marathon Oil for $22. vedgzy brdjyc eocc ecl yetun tprsjdef yui vdnyy oqatms jydqo