Year in Review: ConocoPhillips’ $22.5 billion Marathon Oil acquisition was a Deal of the Week
ConocoPhillips closed its acquisition of Marathon Oil on time, despite receiving a second request for information from the FTC in July.
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Building "Bridges" Across the Bayou City!
ConocoPhillips closed its acquisition of Marathon Oil on time, despite receiving a second request for information from the FTC in July.
Read More… An image from the May 15, 2024 TOROs Math Drills school show in Missouri City, TX. TORO has entertained millions on gamedays for two …
Read MoreThe company announced a week prior that it plans to cut $2 billion to $3 billion worth of assets in the next 18 months.
Read MoreSeparately, ConocoPhillips plans to cut gross debt by $5 billion over the next five years.
Read MoreOnly three companies filed more than a single permit to drill a new well in South Texas last week.
Read MoreThe company’s CEO made less than in the previous year, but the median compensation for the rest of the company’s employees fell by a proportionally larger amount.
Read More“I hope there’s discipline in the system,” CEO Ryan Lance said. “I think the worst thing that could happen right now is U.S. producers start growing rapidly again.”
Read MoreBefore Covid-19 hit, ConocoPhillips planned to spend $6.5 billion to $6.7 billion in 2020, not including acquisitions, but that figure was reduced more than once as the pandemic dragged on last year.
Read MoreThe deal brings 550,000 acres in the Permian Basin under ConocoPhillips’ umbrella.
Read MoreRyan Lance made several million dollars more in 2019 than he did in 2018.
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