ConocoPhillips Completes Acquisition of Concho Resources

  • ConocoPhillips announced that it has completed its acquisition of Concho Resources following approval by shareholders of both companies.
  • In accordance with the deal terms, each Concho common share was converted into the right to receive 1.46 common shares of ConocoPhillips at the effective time of the merger.
  • ConocoPhillips says the new merged entity will be the largest independent oil and gas company, with pro forma production of more than 1.5M boe/day.
  • Global energy, metals and mining research and consultancy group Wood Mackenzie has said the combination "bodes well for the Permian's longer-term outlook."

    Fundamentals ConocoPhillips

    Investors in ConocoPhillips can expect a huge dividend payment. Based on the recent analysts' consensus the stock now has one of the highest dividend returns of the American market. Despite the expected loss the company will probably pay a dividend. Per share the analysts are expecting a dividend of 1.69 USD per share. Thus the dividend yield equals 4.05 percent. The average dividend yield of the energy companies equals a low 0.76 percent.

    Historical dividend returns ConocoPhillips

    Over the current book year the total revenue will be 18.37 billion USD (consensus estimates). This is hugely lower than 2019's revenue of 32.43 billion USD.

    Historical revenues and results ConocoPhillips plus estimates 2020

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    The analysts expect for 2020 a net loss of 1.02 billion USD. According to most of the analysts the company will have a loss per share for this book year of 95 cent. So the price/earnings-ratio equals -43.87.

    ConocoPhillips 's market value equals around 47.45 billion . The ConocoPhillips stock was the past 12 months quite volatile. Since last January the stock is 29 percent lower. This year the stock price moved between 21 and 62 dollar.

    Historical stock prices ConocoPhillips

    stock graphs conocophillips

    Click here for dividend ConocoPhillips. On Tuesday the stock closed at 41.68 USD.

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