ConocoPhillips

Equities

COP

US20825C1045

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 16:00:02 2024-07-16 EDT			5-day change	1st Jan Change
115.2 ^USD	+0.54%		+3.60%	-0.76%

07-15	Sector Update: Energy Sticks Advance Premarket Monday	MT
07-15	Japan, S. Korea refiners join China in buying Canadian TMX oil	RE

ConocoPhillips in advanced talks to buy Marathon Oil, FT reports

May 29, 2024 at 02:15 am

May 28 (Reuters) - ConocoPhillips is in advanced talks to buy Marathon Oil in an all-stock deal that could value the Houston-based company at a little over its $15 billion market value, the Financial Times reported on Wednesday, citing people briefed on the matter. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Savio D'Souza)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
S&P GSCI PETROLEUM INDEX	294 PTS	+0.09%	-1.94%	-
S&P GSCI ENERGY INDEX	263.4 PTS	+0.08%	-2.09%	-
CONOCOPHILLIPS	115.2 USD	+0.54%	+3.60%	134B
BRENT CRUDE OIL SPOT	83.78 USD	-0.04%	-1.87%	-
WTI	79.95 USD	+0.16%	-2.20%	-
MARATHON OIL CORPORATION	28.97 USD	+0.80%	+3.87%	16.08B

Latest news about ConocoPhillips

Sector Update: Energy Sticks Advance Premarket Monday	07-15	MT
Japan, S. Korea refiners join China in buying Canadian TMX oil	07-15	RE
Sector Update: Energy Stocks Advance Late Afternoon	07-12	MT
Sector Update: Energy Stocks Rise in Friday Afternoon Trading	07-12	MT
Sector Update: Energy	07-12	MT
Top Midday Stories: Big Banks Commence Q2 Earnings Season; AT&T Discloses April Cyberattack on Customer Data; FTC Requests More Info on ConocoPhillips-Marathon Oil Merger	07-12	MT
Global markets live: KKR, Apple, Tesla, Oracle, McDonald's...	07-12
Make way for earnings season	07-12
ConocoPhillips, Marathon Oil Get Second FTC Request for More Information About Merger	07-12	MT
Scotiabank Adjusts ConocoPhillips' PT to $120 From $135	07-12	MT
FTC Seeks More Info on ConocoPhillips, Marathon Deal -- Update	07-12	DJ
ConocoPhillips, Marathon Oil Get FTC Information Requests for Merger	07-12	DJ
ConocoPhillips, Marathon Oil get second US FTC request over $22.5 bln deal	07-12	RE
Marathon Oil to Pay $64.5 Million Penalty in Clean Air Act Settlement With EPA, DOJ -- 3rd Update	07-11	DJ
Marathon Oil in Clean Air Act Settlement With EPA and Justice Department, Will Pay $64.5 Million Civil Penalty -- 2nd Update	07-11	DJ
US announces record oil and gas pollution penalty against Marathon Oil	07-11	RE
Marathon Oil Agrees to Pay $64.5 Million for Alleged Clean Air Act Violations -- Update	07-11	DJ
Tudor Pickering Holt & Co. Adjusts Price Target on ConocoPhillips to $137 From $139, Maintains Buy Rating	07-11	MT
US announces record oil and gas pollution penalty against Marathon Oil	07-11	RE
That's not so bad, is it?	07-08
Raymond James Adjusts Price Target on ConocoPhillips to $161 From $159, Maintains Strong Buy Rating	07-08	MT
ConocoPhillips Sues Interior Department Over Rule Limiting Drilling in Alaska	07-05	MT
ConocoPhillips Sues Interior Department Over Rule Limiting Drilling in Alaska	07-05	MT
BMO Capital Adjusts Price Target on ConocoPhillips to $130 From $135	07-03	MT
Stocks to watch as Biden and Trump vie for presidency	07-03	RE

Chart ConocoPhillips

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Company Profile

ConocoPhillips specializes in exploring and producing hydrocarbons. Net sales break down by family of products as follows: - crude oil (52.9%): 923,000 barrels produced per day in 2023; - natural gas (34.3%): 88.8 million m3 produced per day; - liquefied natural gas (4.6%): 279,000 barrels produced per day; - other (8.2%). Net sales are distributed geographically as follows: the United States (80.3%), Canada (5.4%), Norway (4.3%), United Kingdom (3.5%), Libya (3.1% Malaysia (1.7%) and China (1.7%).

Sector

Oil & Gas Exploration and Production

Calendar

2024-08-01 - Q2 2024 Earnings Release

Related indices

S&P 500

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Ratings for ConocoPhillips

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

115.2 USD

Average target price

141.3 USD

Spread / Average Target

+22.66%

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