ConocoPhillips Reports Record Production, Says $22.5B Marathon Deal on Track
COPConocoPhillips(COP) Investopedia·2024-08-01 23:31

Key TakeawaysConocoPhillips on Thursday reported record levels of production for the second quarter.However, the company's revenue and net income fell short of analysts' estimates and its shares fell.ConocoPhillips also said that its $22.5 billion acquisition of Marathon Oil is on track to close by the end of the fourth quarter despite a recent request for more information on the deal from the FTC. ConocoPhillips (COP) on Thursday reported second-quarter results below analysts' expectations and narrowed its ...