ConocoPhillips to buy Concho Resources for $9.7 billion in 2020's top shale deal
October 19, 2020 at 07:09 AM EDT
ConocoPhillips said on Monday it would buy Permian-focused driller Concho Resources for $9.7 billion, the largest shale deal this year as oil and gas producers turn to consolidation to survive the slowdown in oil prices and demand.
