Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

CONOCOPHILLIPS

(COP)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/20 11:40:00 am
88.255 USD   +1.12%
09:51aDESERT DELIGHT : Living and working in Midland
PU
07:22aKeyBanc Adjusts ConocoPhillips' Price Target to $91 From $88, Keeps Overweight Rating
MT
01/19NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

CONOCOPHILLIPS : Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

12/02/2021 | 07:32am EST

Item 2.01. Completion of Acquisition or Disposition of Assets.

On December 1, 2021, ConocoPhillips Company ("Buyer"), a Delaware corporation and wholly owned subsidiary of ConocoPhillips, a Delaware corporation ("ConocoPhillips"), completed its previously announced acquisition (the "Acquisition") from Shell Enterprises LLC ("Seller"), a Delaware limited liability company and wholly owned subsidiary of Shell Oil Company, a Delaware corporation, of all or substantially all of the assets of SWEPI LLC (formerly known as SWEPI LP), a Texas limited liability company and wholly owned subsidiary of Seller, located in Culberson, Loving, Ward, Winkler and Reeves Counties in the Permian Basin of western Texas, pursuant to the Purchase and Sale Agreement, dated as of September 20, 2021 (the "Purchase Agreement"), by and between Seller and Buyer. The effective date of the Acquisition is July 1, 2021.

The base purchase price for the Acquisition was $9.5 billion in cash, and after customary closing adjustments, cash paid for the Acquisition was approximately $8.6 billion. The terms and provisions of the Purchase Agreement are described in ConocoPhillips' Current Report on Form 8-K filed with the Securities and Exchange Commission on September 20, 2021 , which is incorporated herein by reference, and a copy of the Purchase Agreement was filed as Exhibit 10.1 to ConocoPhillips' Quarterly Report on Form 10-Q for the quarter ended September 30, 2021 , and is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure.

On December 1, 2021, ConocoPhillips issued a press release announcing the closing of the Acquisition. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any registration statement filed by ConocoPhillips under the Securities Act of 1933, as amended, unless specifically identified as being incorporated therein.

Item 9.01. Financial Statements and Exhibits.




(d)     Exhibits.



Exhibit
 Number    Description
  99.1       Press Release issued December 1, 2021

104        The cover page from this Current Report on Form 8-K, formatted in
           Inline XBRL

© Edgar Online, source Glimpses

All news about CONOCOPHILLIPS
09:51aDESERT DELIGHT : Living and working in Midland
PU
07:22aKeyBanc Adjusts ConocoPhillips' Price Target to $91 From $88, Keeps Overweight Rating
MT
01/19NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
DJ
01/18Today on Wall Street: Changes
01/18Atlas Technical Consultants Secures $5 Million Environmental Services Contract From Con..
MT
01/18Goldman Sachs Upgrades ConocoPhillips to Buy From Neutral, Citing Commodity Price Lever..
MT
01/18ANALYST RECOMMENDATIONS : AirBnb, Alibaba, Aviva, ConocoPhillips, Dollar General, Gap, Und..
01/17Veris Subsidiary to Design, Deliver, Commission ConocoPhillips Australia Private LTE so..
MT
01/15Exclusive-U.S. talks to energy firms over EU gas supply in case of Russia-Ukraine confl..
RE
01/14Truist Securities Adjusts ConocoPhillips' Price Target to $111 From $110, Reiterates Bu..
MT
More news
Analyst Recommendations on CONOCOPHILLIPS
More recommendations
Financials (USD)
Sales 2021 45 163 M - -
Net income 2021 8 273 M - -
Net Debt 2021 14 703 M - -
P/E ratio 2021 14,1x
Yield 2021 2,01%
Capitalization 115 B 115 B -
EV / Sales 2021 2,87x
EV / Sales 2022 2,36x
Nbr of Employees 9 900
Free-Float 63,1%
Chart CONOCOPHILLIPS
Duration : Period :
ConocoPhillips Technical Analysis Chart | COP | US20825C1045 | MarketScreener
Technical analysis trends CONOCOPHILLIPS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Last Close Price 87,28 $
Average target price 94,23 $
Spread / Average Target 7,96%
EPS Revisions
Managers and Directors
Ryan M. Lance Chairman & Chief Executive Officer
William L. Bullock Vice President-Corporate Planning & Development
Dominic E. Macklon Executive VP-Strategy, Sustainability & Technology
Pragati Mathur Chief Digital & Information Officer
Shannon Weinberg Kinney Secretary & Chief Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
CONOCOPHILLIPS20.92%115 118
CANADIAN NATURAL RESOURCES LIMITED23.97%62 353
EOG RESOURCES, INC.18.35%61 515
CNOOC LIMITED17.43%54 038
PIONEER NATURAL RESOURCES COMPANY20.44%53 480
OCCIDENTAL PETROLEUM CORPORATION24.28%33 465