According to Bloomberg, ConocoPhillips in Talks to Buy Concho Resources

  • October 14, 2020

POTENTIAL DEAL DETAILS

StockConcho Resources Inc.SymbolCXO
Date Announced10/14/2020Source Bloomberg
TypeUnsolicited BidAcquiring Company/Person ConocoPhillips
Date of Confirmation: 10/19/2020Price at Confirmation: $48.60
Potential Profit: -1.94%Annualized Profit: -141.40%

ConocoPhillips (COP) is in talks to acquire rival Concho Resources (CXO), as one of America’s largest independent oil explorers looks to make a bold bet on shale during an historic industry downturn.

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