ConocoPhillips in Talks to Buy Concho Resources in Big Shale Bet

By Offit Kurman | October 14, 2020 | | Share:

The potential combination would be the latest sign that long-expected consolidation in the shale patch has finally arrived. A purchase of Concho, which has an enterprise value of $12.3 billion, could become the year’s largest takeover of an oil and gas company, reports Bloomberg News.

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