Topline ConocoPhillips plans to buy fellow American energy giant Marathon Oil in an all-stock deal worth a total of $22.5 billion, the companies announced Wednesday, marking the latest in a string of multibillion-dollar mergers and acquisitions deals in the energy industry. A ConocoPhillips oil field in Alaska in 2019. The Washington Post via Getty Images Key Facts The all-stock deal values Marathon Oil at $17.1 billion, knocking off the $5.4 billion in debt included in the total transaction value for the H ...

ConocoPhillips announced on Wednesday that it will buy Marathon Oil in an all-stock deal valued at $22.5 billion, including debt. Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips for each share of Marathon Oil common stock. Under the agreement, ConocoPhillips will receive additional acreage to its existing U.S. onshore portfolio, adding over 2 billion barrels of resource. Ticker Security Last Change Change % COP CONOCOPHILLIPS 118.96 +1.71 +1.46% "This acquisition of Marathon Oil furth ...

ConocoPhillips Chairman & CEO Ryan Lance speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024. ConocoPhillips on Wednesday agreed to purchase Marathon Oil in an all-stock transaction worth $17.1 billion that would strengthen the company's shale assets. "This acquisition of Marathon Oil further deepens our portfolio and fits within our financial framework, adding high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position," said ConocoPhillips CEO Rya ...

Key Points Despite the SPY being just 0.6% away from its all-time high, the market remains in uncertain territory, presenting a unique opportunity in oversold, high dividend-yielding stocks. Investors are beginning to turn their attention to value propositions, particularly oversold stocks offering high dividends. Three oversold stocks, with attractive dividends, valuations, and in favor with analysts, are TGT, LOW, and COP. 5 stocks we like better than Lowe's Companies Amidst current global tensions and no ...

Investing in the top energy stocks to buy in today’s market points to a complicated landscape. Oil prices have been incredibly volatile in the past year, peaking above $90 a barrel and dipping to the $60s, weighing down bottom lines of the top oil companies. However, despite the fluctuations in price, the top oil stocks continue to flex their muscles and offer stellar upside at current prices. Meanwhile, the renewable energy sector is staging its own promising sideshow. Achieving net-zero emissions is a tal ...

Colin Anderson Productions pty ltd/DigitalVision via Getty Images ConocoPhillips (NYSE:COP) is the largest independent oil and gas producer in North America. Unlike its major integrated peers, the company has no downstream processing capacity which exposes it to the whims of energy markets to a great degree. During periods of commodity price strength COP is expected to do particularly well and underperform when the markets turn, just like we have seen over the past month. This business is risky you might co ...

Loading... Loading... The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of majo ...

With the first-quarter 2024 results of all major oil energy companies out, investors gained valuable insights into their projections for the upcoming quarters and the entirety of the year. The guidance of energy giants such as EOG Resources, Inc. (EOG) , ConocoPhillips (COP) , and Diamondback Energy Inc. (FANG) indicate that they are intensifying efforts to leverage the strength of crude prices. High Oil Price to Drive Production The price of West Texas Intermediate (WTI) crude is trading at close to the $8 ...

Warren Buffett might be the greatest investor of all time, but he’s not immune from making mistakes. This was on full display at the recent Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) annual meeting, where Buffett disclosed that he had sold the company’s entire stake in Paramount Global (NASDAQ:PARA) at a substantial loss. Although the exact loss wasn’t disclosed, Buffett said: “I was 100% responsible for the Paramount decision. It was 100% my decision, and we’ve sold it all and we lost quite a bit of money ...

ConocoPhillips (COP) recently reported better-than-expected first-quarter 2024 earnings. The leading exploration and production company’s earnings per share were $2.03, while revenues came in at $14.5 billion. Good Entry Point for Investors Although the quarterly earnings beat the Zacks Consensus Estimate, the stock price fell marginally, a movement unrelated to the company's fundamentals. The stock is cheap on a relative basis, and the current affordability of the stock is evident from its trailing 12-mont ...