Politics 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.
Politics 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.
