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Burlington Resources Inc. was a company engaged in hydrocarbon exploration. In 2006, the company was acquired by ConocoPhillips. History In ...
Burlington Resources was created from the Burlington Northern railroad's natural resources holdings in 1988. Plum Creek Timber is heir to some of the 47 million acres (19,000,000 ha) of timberland originally granted by the federal government to the Northern Pacific Railway in the 1860s, and most of Burlington's lands were originally purchased ...
EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas . The company is ranked 186th on the Fortune 500 [ 2 ] and 337th on the Forbes Global 2000 .
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It also acquired Burlington Resources for $35 billion in cash and stock. [20] [21] On May 10, 2006, Richard Armitage, former deputy-secretary of the U.S. State Department, was elected to the board of directors of the ConocoPhillips oil company. [22]
Burlington Stores' (BURL) both top and bottom lines improve year over year in Q4. However, sales lag estimates and management expects cost-related hurdles to linger.
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Burlington was a $9 billion conglomerate active in mineral development, timber and forest products, and rail carrier systems. Although El Paso was experiencing some problems at the time, Burlington viewed the company as an excellent complement to its existing mineral development operations.