oil & gas assets
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A&D - Conoco eyes M&A amid market that is ‘in need of consolidation’ - May 2020



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ConocoPhillips is on the lookout for potential acquisitions as oil prices remain low amid demand destruction and oversupply. CEO Ryan Lance told CNBC during an April 30 interview that these potential deals have to be accretive and “can’t destroy our financial framework.” Regarding the overall state of the upstream sector, Lance said, “It is in need of consolidation. There’s too much fixed costs, investors have too many choices, your market cap’s not relevant anymore.......
 
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