ConocoPhillips-Burlington merger approved

By OGJ editors
HOUSTON, Mar. 30 -- Burlington Resources Inc. shareholders on Mar. 30 approved a merger with ConocoPhillips. Closing was expected on Mar. 31.

ConocoPhillips late last year announced plans to acquire Burlington Resources for $35.6 billion (OGJ, Dec. 19, 2005, p. 41.)

A preliminary tally of shares voted during a special meeting indicated holders of more than 74% of the total shares outstanding favored the merger. Of the shares actually voted, more than 98% voted in favor of the merger.

Under terms of the merger agreement, Burlington Resources stockholders will receive $46.50 in cash and 0.7214 share of ConocoPhillips stock for each share of Burlington Resources stock.

Related Articles

Western gulf lease sale attracts $110 million in high bids

08/20/2014 Gulf of Mexico western planning area Lease Sale 238 drew 93 bids from 14 companies over 81 blocks covering 433,823 acres, totaling $109,951,644 in ...

ConocoPhillips, Enap sign deal to study unconventional oil, gas in Chile

08/06/2014 ConocoPhillips and Chile’s state oil company Empresa Nacional del Petroleo (Enap) have signed a technical agreement to jointly conduct geological, ...

Oando completes purchase of Nigeria assets from ConocoPhillips

07/30/2014 Oando Energy Resources (OER), a Calgary-based subsidiary of Oando PLC, has completed its acquisition of the Nigeria upstream business of ConocoPhil...

ConocoPhillips, Suncor join Shell in deepwater exploration off Nova Scotia

06/11/2014

ConocoPhillips and Suncor Energy Inc. are joining Shell Canada as partners in exploring the deepwater Shelburne basin off Nova Scotia.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected