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Announced Wednesday in Houston, headquarters for both corporations, it was an all-stock transaction with an enterprise value of $22.5 billion inclusive of ... ConocoPhillips-Marathon Oil come to terms
ConocoPhillips (NYSE:COP) shares are trading higher after the company released fourth-quarter results. Here’s a breakdown of the report. Revenue of $14.74 billion, beating the consensus of $14. ...
The analyst expects a slightly positive market reaction to ConocoPhillips' earnings, which featured a beat, a largely in-line 2025 outlook, and a $10 billion return of capital commitment
ConocoPhillips reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 16,200 Kt (-4,300 /-21% y-o-y). [92] Importantly, the figure does not include Scope 3 end-use emissions resulting from the consumption of fossil fuels produced by the company.
The "Continental Oil and Transportation Company" was founded by Isaac Elder Blake in November 1875. [9] [10] Based in Ogden, Utah, the company distributed the recently discovered mineral resources of petroleum / oil (first found in August 1859 by Edwin Drake (1819–1880), in a well drilled at Oil Creek, near Titusville, (Crawford County), in the far northwestern corner of Pennsylvania) and ...
In 2021, the company was acquired by ConocoPhillips. As of December 31, 2019, the company had 1,002 million barrels of oil equivalent (6.13 × 10 9 GJ) of estimated proved reserves, of which 63% was petroleum and natural gas liquids and 37% was natural gas .
Big Oil keeps doing big deals. ConocoPhillips said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22.5 billion, including about $5.4 billion of debt.
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