The Latest Breaking News from ConocoPhillips

US energy giant ConocoPhillips announced Wednesday that it is acquiring competitor Marathon Oil for $22.5 billion in the latest big petroleum merger consummated in spite of rising concerns about climate change.

The S&P 500 Index ($SPX ) (SPY ) today is down -0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.36%. US stock indexes today are moderately lower, with the Dow Jones Industrials falling to...

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits

ConocoPhillips will pay $22.5 billion including debt in the latest industry consolidation move. Marathon Oil stock jumped.

ConocoPhillips has underperformed the broader market over the past year, but Wall Street analysts are bullish about the stock’s prospects.

The energy sector’s growth will be driven by ongoing geopolitical tensions, a recovering Chinese economy, and expectations of the extension of supply cuts by OPEC and its allies. Given this backdrop, let’s analyze the fundamentals of energy stocks ConocoPhillips (COP) and EOG Resources (EOG) to determine which of these two…

Oil Change International says plans do not stand up to scrutiny and describes US fossil-fuel corporations as ‘the worst of the worst’

Ex-president at Mar-a-Lago last month hosted more than 20 executives, including from Chevron, Exxon and Occidental Petroleum

June S&P 500 E-Mini futures (ESM24) are up +0.58%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.77% this morning after Federal Reserve Chair Jerome Powell appeared to rule out the possibility of further interest-rate hikes, while investors looked ahead to a new round of U.S. economic data and…