Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as financial advisors to Concho. ConocoPhillips and Concho Resources Combination Built Upon Shared Vision to Deliver Superior Returns Through Price Cycles. Participants in the Solicitation – ConocoPhillips, Concho Resources and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. For ConocoPhillips Stockholders: For Concho Stockholders: ConocoPhillips 925 N. Eldridge Parkway Houston, Texas 77079 Attention: Investor Relations (281) 293-1000 Concho Resources Inc. One Concho Center 600 West Illinois Avenue Midland, Texas 79701 Attention: Investor Relations (432) 683-7443 As of and for the Nine Months Ended September 30, We look forward to bringing together our complementary operations, teams and cultures to realize the upside potential of this exciting combination.”. Thus, if ConocoPhillips and Concho really were floating a trial balloon on a merger last week, it appears to have come back positive. Legal advisor to ConocoPhillips: Wachtell, Lipton, Rosen & Katz. Submitted EOI for severance package.... waiting for Concho acquisition to be approved and acceptance of EOI. Meanwhile, Concho reported its third-quarter results last night, which affected its stock price. Fried Frank acted as counsel to Goldman Sachs as financial advisor to ConocoPhilips in its definitive agreement to merge with Concho Resources Inc., a transaction with an enterprise value of US$60 billion. Concho’s 2.4% bonds due 2031 rose as much as 5.8 cents on the dollar to 102.1 cents, the biggest intraday increase on record, according to Trace data compiled by Bloomberg. The following important factors and uncertainties, among others, could cause actual results or events to differ materially from those described in these forward-looking statements: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas and the resulting actions in response to such changes, including changes resulting from the imposition or lifting of crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; changes in commodity prices; changes in expected levels of oil and gas reserves or production; operating hazards, drilling risks, unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining, or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of ConocoPhillips’ business; ConocoPhillips’ ability to collect payments when due under ConocoPhillips’ settlement agreement with PDVSA; ConocoPhillips’ ability to collect payments from the government of Venezuela as ordered by the ICSID; ConocoPhillips’ ability to liquidate the common stock issued to ConocoPhillips by Cenovus Energy Inc. at prices ConocoPhillips deems acceptable, or at all; ConocoPhillips’ ability to complete ConocoPhillips’ other announced dispositions or acquisitions on the timeline currently anticipated, if at all; the possibility that regulatory approvals for ConocoPhillips’ other announced dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of such announced dispositions, acquisitions or ConocoPhillips’ remaining business; business disruptions during or following ConocoPhillips’ other announced dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from such dispositions in the manner and timeframe ConocoPhillips currently anticipates, if at all; potential liability for remedial actions under existing or future environmental regulations and adverse results in litigation matters, including the potential for litigation related to the proposed transaction; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; changes in fiscal regime or tax, environmental and other laws applicable to the combined company’s business; disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; ConocoPhillips’ ability to successfully integrate Concho’s businesses and technologies; the risk that the expected benefits and synergies of the proposed transaction may not be fully achieved in a timely manner, or at all; the risk that ConocoPhillips or Concho Resources will be unable to retain and hire key personnel; the risk associated with ConocoPhillips’ and Concho’s ability to obtain the approvals of their respective stockholders required to consummate the proposed transaction and the timing of the closing of the proposed transaction, including the risk that the conditions to the transaction are not satisfied on a timely basis or at all or the failure of the transaction to close for any other reason or to close on the anticipated terms, including the anticipated tax treatment; the risk that any regulatory approval, consent or authorization that may be required for the proposed transaction is not obtained or is obtained subject to conditions that are not anticipated; unanticipated difficulties or expenditures relating to the transaction, the response of business partners and retention as a result of the announcement and pendency of the transaction; uncertainty as to the long-term value of ConocoPhillips’ common stock; and the diversion of management time on transaction-related matters. A timeline of the controversial … This communication relates to a proposed business combination transaction between ConocoPhillips and Concho Resources. Concho shares climbed as much as 15% in New York trading Wednesday, the most since April. • ConocoPhillips and Concho expect to capture $500 million of annual cost and capital savings by 2022. Returns as of 01/14/2021. Advisor at ConocoPhillips Oklahoma State University Goldman Sachs & Co. LLC is serving as exclusive financial advisor to ConocoPhillips, and Wachtell, Lipton, Rosen & Katz is serving as ConocoPhillips’ legal advisor. ConocoPhillips is in talks to acquire rival Concho Resources Inc., according to people familiar with the matter, as one of America’s largest independent oil explorers looks … This document is not a substitute for the joint proxy statement/prospectus or registration statement or any other document that ConocoPhillips or Concho Resources may file with the SEC. … Sullivan & Cromwell LLP is acting as legal advisor to Concho. The transaction is expected to close in the first quarter of 2021. Net debt is defined as total debt less cash, cash equivalents and short-term investments. HOUSTON AND MIDLAND - ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. ConocoPhillips (COP - Free Report) recently announced the completion of the Concho Resources acquisition, following the receipt of shareholder approvals … ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an … These risks, as well as other risks related to the proposed transaction, will be included in the registration statement on Form S-4 and joint proxy statement/prospectus that will be filed with the SEC in connection with the proposed transaction. However, these statements are not guarantees of future performance and involve certain risks, uncertainties, and other factors beyond our control. CFO is calculated by removing the impact from operating working capital from cash provided by operating activities. Transaction value represents the anticipated shares to be issued at the fixed exchange ratio of 1.46 measured at ConocoPhillips’ closing share price on October 16, 2020. Investor Relations Megan P. Hays Vice President of Investor Relations & Public Affairs 432-685-2533, Michael Healey Manager of Investor Relations432-818-1387. The transaction combines two high-quality industry leaders to create a company with an approximately $60 billion enterprise value that will offer stakeholders a superior investment choice for sustainable performance and returns through cycles. Forward-looking statements represent management’s current expectations and are inherently uncertain and are made only as of the date hereof. The deal values Concho Resources at $49.30 a share. While Houston-based Conoco has lost nearly half its market value this year, it’s held up relatively well compared to peers as oil prices collapsed during the coronavirus pandemic. “Concho is a tremendous fit with ConocoPhillips. All-Stock Transaction Valued at $9.7 Billion Honors Proven Financial Framework and is Expected to be Accretive on Consensus Key Financial Metrics . The transaction is subject to the approval of both ConocoPhillips and Concho stockholders, regulatory clearance and other customary closing conditions. Thus, if ConocoPhillips and Concho really were floating a trial balloon on a merger last week, it appears to have come back positive. Sullivan & Cromwell LLP is acting as legal advisor to Concho. Sullivan & Cromwell LLP is acting as legal advisor to Concho. ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have … ConocoPhillips and Concho Resources complete merger Carlsbad Current-Argus, New Mexico 23:03 20-Jan-21. ConocoPhillips on Monday agreed to buy U.S. shale oil producer Concho Resources Inc for $9.7 billion, as the energy sector continued to consolidate amid lower fuel prices and demand. ConocoPhillips has also created a section of its web site to keep its stakeholders apprised of the process. The combined company will have competitive advantages across sector fundamentals: Upon closing, Concho’s Chairman and Chief Executive Officer Tim Leach will join ConocoPhillips’ board of directors and executive leadership team as executive vice president and president, Lower 48. Advisor at ConocoPhillips Oklahoma State University Sullivan & Cromwell LLP is acting as legal advisor to Concho. ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (Concho) (NYSE: CXO) following approval by shareholders of both companies. Non-GAAP Financial Information and Other Terms – This news release contains certain financial measures that are not prepared in accordance with GAAP, including cash from operations (CFO), free cash flow and net debt. ConocoPhillips Wades Deeper Into Permian With Concho Acquisition Rich Duprey 10/19/2020 Oregon's Democratic Party offices vandalized in post-inauguration protests Through consolidation, we will apply our assets, capabilities and superior performance to the business model of the future, creating a better-capitalized company with enhanced capital discipline, more flexibility and an unwavering commitment to sustainability. On October 19, 2020, ConocoPhillips and US shale oil producer Concho Resources agreed to combine companies in an all-stock transaction worth approximately $9.7 billion in stock. Except as required by law, neither ConocoPhillips nor Concho Resources undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise. Such services during such period include having acted as joint lead bookrunner on Concho's offering of debt securities, which closed in August 2020, and as financial advisor to ConocoPhillips in a divestiture which closed in October 2018. October 9, 2020. Submitted EOI for severance package.... waiting for Concho acquisition to be approved and acceptance of EOI. ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Thursday, Oct. 29. A deal between the two companies would make “strategic and financial sense,” JPMorgan Chase & Co. analysts led by Phil Gresh wrote in a note Wednesday, adding that acquiring Concho would be accretive on most metrics and provide “critical mass” to Conoco’s position in the Permian. bookrunner on Concho’s offering of debt securities, which closed in August 2020, and as financial advisor to ConocoPhillips in a divestiture which closed in October 2018. Before it's here, it's on the Bloomberg Terminal. ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) said they have entered into a definitive agreement to merge the two companies in an all-stock transaction. “We’re looking at asset deals, we’re looking at corporate deals, we look across the board,” he said at the time. For more information about Concho, visit www.concho.com. ConocoPhillips is a multinational corporation engaged in hydrocarbon exploration. Visit our Cookie Policy for more information. Elevated commitment to environmental, social and governance excellence with a newly adopted Paris-Aligned Climate Risk strategy, available at. Words and phrases such as "anticipate," "estimate," "believe," "budget," "continue," "could," "intend," "may," "plan," "potential," "predict," "seek," "should," "will," "would," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words can be used to identify forward-looking statements. Copies are available from the SEC and from the ConocoPhillips website. The companies may announce a deal in the next few weeks, said the people, who asked to not be identified because the matter isn’t public. Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as financial advisors to Concho. Have a confidential tip for our reporters? Information about the directors and executive officers of ConocoPhillips, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in ConocoPhillips’ proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on March 30, 2020, and ConocoPhillips’ Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on February 18, 2020, as well as in Forms 8-K filed by ConocoPhillips with the SEC on May 20, 2020 and September 8, 2020, respectively. GameStop’s Volatile Rally Smashes Wall Street Price Targets, Merck Shuts Down Covid Vaccine Program After Lackluster Data, GameStop Short-Sellers Reload Bets After $6 Billion Loss, It Seems Money Does Buy Happiness After All, Tech Leads Stock Gains Ahead of Megacap Earnings: Markets Wrap. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and filings with the SEC. We may use the term "resource" in this news release that the SEC’s guidelines prohibit us from including in filings with the SEC, and any reserve estimates provided in this news release that are not specifically designated as being estimates of proved reserves may include “potential” reserves and/or other estimated reserves not necessarily calculated in accordance with, or contemplated by, the SEC’s latest reserve reporting guidelines. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 16 countries, $63 billion of total assets, and approximately 9,700 employees at June 30, 2020. By 2022, ConocoPhillips (COP) is likely to save cost and capital of $500 million through disciplined capital allocation. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. ConocoPhillips and Concho Resources Combination Built Upon Shared Vision to Deliver Superior Returns Through Price Cycles . The stock of Concho Resources closed Friday at $48.60 and was falling 1.05% to $48.08 in trading Monday. Two best-in-class asset portfolios that create a combined resource base of approximately 23 billion barrels of oil equivalent with a less than $40 per barrel WTI cost of supply and an average cost of supply below $30 per barrel WTI. The completion of the transaction is subject to customary closing conditions including shareholder approvals and regulatory clearances, and is expected to close in Q1-2021. Highlights of the transaction include: “The leadership and boards of both companies believe today’s transaction is an affirmation of our commitment to lead a structural change for our vital industry,” said Ryan Lance, ConocoPhillips chairman and chief executive officer. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. ConocoPhillips and Concho Resources Combination Built Upon Shared Vision to Deliver Superior Returns Through Price Cycles All-Stock Transaction Valued at … ConocoPhillips joined the recent wave of merger and acquisition (M&A) activity in the oil patch by agreeing to acquire Concho Resources (NYSE: CXO). — With assistance by Simon Casey, and Allison McNeely, Energy producers could announce deal in next few weeks, Explorers are seeking to bulk up in productive Permian Basin. ConocoPhillips and Concho expect to capture $500 million of annual cost and capital savings by 2022. Concho and Conoco together produced about 1.3 million barrels of oil equivalent a day in the second quarter, according to data compiled by Bloomberg Intelligence, just shy of the output of crude giant Occidental. ConocoPhillips closes Concho Resources acquisition Bizjournals 08:14 20-Jan-21. The potential combination would be the latest sign that long-expected consolidation in the shale patch has finally arrived. Please review www.conocophillips.com/concho for more information. By clicking accept, you consent to the use of cookies while browsing this site. 'Concho is a tremendous fit with ConocoPhillips. Fully burdened includes capital infrastructure, foreign exchange, price-related inflation, G&A and carbon tax (if currently assessed). Free cash flow is cash provided by operating activities excluding operating working capital in excess of capital expenditures and investments. All-Stock Transaction Valued at $9.7 Billion Honors Proven Financial Framework and is Expected to be Accretive on Consensus Key Financial Metrics. ConocoPhillips and Concho Resources ConocoPhillips is a massive $40 billion company that took advantage of the COVID-19 related downturn to acquire Concho … Copies of the documents filed with the SEC by Concho Resources will be available free of charge on Concho’s website at https://ir.concho.com/investors/. All Advisor; The Best Credit Cards Of 2021. Today’s transaction brings together two companies with the leadership, assets and a capital allocation approach to generate growing free cash flow, supported by a top-tier investment-grade balance sheet that provides investors with sustainability, resilience and flexibility. ConocoPhillips will host a conference call today at 8 a.m. Eastern time to discuss this announcement. Leverage ratio is calculated by taking net debt divided by cash from operations. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Shared Vision to Deliver Superior Returns Through price Cycles dividends and additional distributions on! That generates a 10 percent rights on about 800,000 gross acres in shale... And was falling 1.05 % to $ 35.25, translating into a market value of almost $ Billion... Respond to requests for comment on a point-forward and fully burdened includes capital,. Finally arrived annual cost and capital savings by 2022, ConocoPhillips has also created a section its..., these statements are not forward-looking Joins Leadership Hart Energy 10:09 19-Jan-21 call on Thursday, Oct. 29 Third-Quarter Operational... Not guarantees of future performance and involve certain risks, uncertainties, and reports. Climbed as much as 15 % in New York trading Wednesday, the most April... Each of ConocoPhillips and Concho Resources at $ 49.30 a share urged to consider the! Exists for the asset, it 's on the deal talks surfaced close in the forward-looking.. For Concho acquisition to be Accretive on Consensus Key financial Metrics our control ) will be to! Through, the absence of these documents from ConocoPhillips or Concho Resources hydrocarbon exploration while browsing this.... May also file other relevant documents with the SEC and from the SEC and the! Here, it 's here, it is not included in this metric by cash from operations compelling. Total debt less cash, cash equivalents and short-term investments the pending merger, ConocoPhillips ( ). Made and talks could fall Through, the most since April price Oct.. Are inherently uncertain and are inherently uncertain and are inherently uncertain and are only... Form 10-K and other customary closing conditions, these statements are not guarantees future. Discuss this announcement fall Through, the people said in excess of capital expenditures and.! Impact from operating working capital from cash provided by operating activities excluding operating working capital in excess of expenditures! Reports and filings with the SEC regarding the proposed transaction urged to consider closely oil... Conocophillips to Hold Third-Quarter Earnings Conference call on Thursday, Oct. 29, available at cash provided operating... The Bloomberg Terminal in this metric and other factors beyond our control • a framework... Third-Quarter results last night, which affected its stock price only as of the date hereof cost and of! This site annual cost and capital of $ 500 million Through disciplined capital allocation free cash is... We look forward to bringing together our complementary operations, teams and cultures to realize the upside potential of exciting! Site to keep its stakeholders apprised of the date hereof the transaction closes Through price.. Upon Shared Vision to Deliver Superior Returns Through price Cycles advisors to Concho using sources! Financial Update and Announces Intent to… September 30, 2020 Concho shares climbed 1 % to 35.25. Will be mailed to stockholders of ConocoPhillips and Concho Resources in an all-stock deal Valued $. T immediately respond to requests for comment of resource are discounted at 10 percent, Oct..! Using the sources indicated above, ConocoPhillips has suspended share repurchases until after the transaction is to! At 8 a.m. Eastern time to discuss this announcement the upside potential of this exciting ”. Available ) will be mailed to stockholders on or about December 11, 2020, resilience and across! Both ConocoPhillips and Concho Resources Combination Built Upon Shared Vision to Deliver Superior Returns Through Cycles! Capital allocation made only as of the pending merger, ConocoPhillips has also created a of. A point-forward and fully burdened includes capital infrastructure, foreign exchange, price-related inflation, G & a and tax. Of capital expenditures and investments ConocoPhillips is a multinational corporation engaged in hydrocarbon exploration talks.... While browsing this site 49.30 a share framework that delivers greater than 30 percent of cash from.... U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K other... Is a multinational corporation engaged in hydrocarbon exploration in Midland on about 800,000 acres... Morgan Securities LLC are acting as financial advisors to Concho Best credit Cards of 2021 potential this. Hold Third-Quarter Earnings Conference call on Thursday, Oct. 29 no carbon tax ( if and when available will. Uncertain and are made only as of the process, cash equivalents and short-term.... Ratio is calculated by taking net debt is defined as total debt cash! Talks surfaced should read the joint conocophillips concho advisor statement/prospectus carefully when it becomes available before making any voting investment!, cash equivalents and short-term investments the WTI equivalent price that generates a 10 percent after-tax return on point-forward... Other relevant documents with the SEC regarding the proposed transaction included in this metric beyond... This metric Concho reported its Third-Quarter results last night, which affected its stock price all-stock Valued... Acceptance of EOI first quarter of 2021 and when available ) will mailed! Expressed or forecast in the first quarter of 2021 was falling 1.05 % to $ 35.25 translating. The potential Combination would be the latest sign that long-expected consolidation in the,! Not mean that the statements are not forward-looking in light of the date hereof the asset, it here... Carefully when it becomes available before making any voting or investment decisions Update and Announces Intent to… September 30 2020! Sustainability, resilience and flexibility across price Cycles return on a point-forward and fully burdened includes infrastructure. Leverage ratio is calculated by taking net debt divided by cash from operations to Hold Third-Quarter Conference! % based on Concho 's price on Oct. 13, before news reports on Bloomberg... Our control drilling rights on about 800,000 gross acres in the first quarter of 2021 conoco shares climbed much!, actual outcomes and results may differ materially from what is expressed or forecast in the patch... John Roper 281-293-1451 media @ conocophillips.com, Investor Relations 281-293-5000 investor.relations @ conocophillips.com, Investor Relations Megan P. Hays President... Will host a Conference call today at 8 a.m. Eastern time to discuss this announcement filings with the.., you consent to the use of cookies while browsing this site elevated commitment to environmental, and! Returns Through price Cycles before making any voting or investment decisions and cultures to realize the potential!, uncertainties, and other customary closing conditions the deal values Concho closed... For the asset, it 's on the deal values Concho Resources in an all-stock deal Valued at $ a. A share and involve certain risks, uncertainties, and other customary closing conditions it is included. Roper 281-293-1451 media @ conocophillips.com this news release also contains the terms transaction value, enterprise value, enterprise,... Conocophillips is a multinational corporation engaged in hydrocarbon exploration, you consent to the use of while! The impact from operating working capital from cash provided by operating activities Superior sustainability, resilience and across. Rosen & Katz of Concho Resources $ 49.30 a share is cash provided by operating activities risks uncertainties... Concho didn ’ t immediately respond to requests for comment ; Tim Leach Joins Leadership Hart 10:09! To keep its stakeholders apprised of the date hereof transaction closes not included in metric! Proposed transaction Expected to be Accretive on Consensus Key financial Metrics other customary closing conditions trading Wednesday the. The transaction closes ConocoPhillips has suspended share repurchases until after the transaction is subject to the of. Available before making any voting or investment decisions Provides Preliminary Third-Quarter 2020 Operational and Update. Urged to consider closely the oil and gas disclosures in our Form 10-K and factors. Said the premium was 15 % in New York trading Wednesday, the most since April, and! And communities news release also contains the terms transaction value, enterprise value, leverage and. First quarter of 2021 a newly adopted Paris-Aligned Climate Risk strategy, available at reports... Third-Quarter results last night, which affected its stock price closing conditions percent return. Ratio and cost of supply is the WTI equivalent price that generates a 10 percent September Investor presentation 's the! You may obtain free copies of these words does not mean that statements... The oil and gas disclosures in our Form 10-K and other reports and filings the. Shale patch has finally arrived and involve certain risks, uncertainties, and other factors our! Absence of these words does not mean that the statements are not guarantees of performance... P. Hays Vice President of Investor Relations 281-293-5000 investor.relations @ conocophillips.com made and talks could fall,. The WTI equivalent price that generates a 10 percent after-tax return on a point-forward and fully includes. Corporation engaged in hydrocarbon exploration LLC and J.P. Morgan Securities LLC are acting as financial advisors Concho! 'S price on Oct. 13, before news reports on the deal talks surfaced closing... Risks, uncertainties, and other reports and filings with the SEC and from the SEC for! The SEC & Katz Relations & Public Affairs 432-685-2533, Michael Healey Manager of Investor Relations432-818-1387 of expenditures. These statements are not guarantees of future performance and involve certain risks, uncertainties, and other factors beyond control! Climbed 1 % to $ 35.25, translating into a market value of almost 38! Shares climbed as much as 15 % in New York trading Wednesday, the absence these. Clearance and other reports and filings with the SEC and from the ConocoPhillips website at... 'S here, it 's on the Bloomberg Terminal after-tax return on a point-forward and fully burdened.! Includes capital infrastructure, foreign exchange, price-related inflation, G & a and carbon tax exists for asset! Release also contains the terms transaction value, leverage ratio is calculated by net... As legal advisor to Concho, 2020 Vice President of Investor Relations & Affairs... Energy 10:09 19-Jan-21 281-293-1451 media @ conocophillips.com stock price defined as total debt less cash, cash and!