YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
ConocoPhillips plans to buy rival Concho Resources in a $9.7 billion deal.
It's an investment in U.S. shale for Conoco, according to the Financial Times.
“Today’s transaction is an affirmation of our commitment to lead a structural change for our vital industry,” said Ryan Lance, Conoco CEO. “Together, ConocoPhillips and Concho will have unmatched scale and quality across the important value drivers in our business.”
Read more from the Financial Times.
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