Deal Insight
ConocoPhillips acquires Concho Resources for US$13 billion
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
ConocoPhillips is acquiring Concho Resources in an all-stock transaction worth US$13.2 billion. The pro forma entity will have an enterprise value of approximately US$60 billion, with Concho and ConocoPhillips shareholders owning 21% and 79%, respectively. The combined company will now be the second-largest tight oil producer in the US Lower 48. The deal enhances ConocoPhillips' footprint in the Permian and adds significant low-cost inventory to its portfolio.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
-
Strategic rationale
- ConocoPhillips
- Concho
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Concho and ConocoPhillips Permian wells
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Combined production and cash flow outlook
What's included
This report contains:
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