ConocoPhillips (COP) Stock Falls 12.6% in 3 Months: Hold or Fold?
COPConocoPhillips(COP) ZACKS·2024-07-02 23:35

Over the past three months, ConocoPhillips (COP) has experienced a 12.6% fall, underperforming the industry’s 3.9% decline. Recent investor concerns primarily stem from the premium ConocoPhillips is set to pay for acquiring Marathon Oil Corporation (MRO) and the expected increase in debt due to this transaction. Image Source: Zacks Investment Research MRO Deal Seems Expensive at First Glance: Cause for Concern? On May 29, ConocoPhillips finalized an agreement to acquire Marathon Oil in an all-stock deal val ...