Plus   Neg

ConocoPhillips Reportedly In Talks To Buy Concho Resources

ConocoPhillips (COP) is in talks to buy Concho Resources Inc. (CXO), Bloomberg reported citing people familiar with the matter.

The companies could announce a deal in the next few weeks. No final decision has been made and talks could fall through, the report said.

Conoco said last month that it would resume share repurchases of $1 billion during the fourth quarter of 2020, after cutting production and curbing spending to conserve cash in the first half of 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Procter & Gamble's skincare brand Olay will debut its first float in the 94th Annual Macy's Thanksgiving Day Parade to be held on November 26 this year. To highlight the low representation of women in the STEM or science, technology, engineering, and math jobs, Olay said that its Thanksgiving Day Parade float will feature a 'Women in STEM' theme. Alternative meat producer Impossible Foods is debuting its flagship product this week in Asian grocery stores. The plant-based meat products will go on sale at about 200 grocery stores in Hong Kong and Singapore, its first grocery foray outside the U.S. Impossible Beef was the flagship product which made its worldwide grocery store debut in 2019. Ahead of the upcoming holiday season, Lowe's Companies Inc. is launching competitive deals urging customers to "gift back" to their home, the place that has meant so much this year amid the coronavirus pandemic. The home improvement retailer is introducing a new Season of Savings, beginning earlier than ever on October 22.
Follow RTT