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ConocoPhillips to buy Concho for $9.7B, creating shale giant
www.post-gazette.com

ConocoPhillips to buy Concho for $9.7B, creating shale giant

ConocoPhillips agreed to buy Concho Resources for about $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that will create a heavyweight driller in America's most prolific oil field.

Oil industry turns to mergers and acquisitions to survive
www.nytimes.com

Oil industry turns to mergers and acquisitions to survive

With the price of a barrel stuck around $40 and no recovery in sight, companies are combining to cut costs and ride out the pandemic.
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