ConocoPhillips Finally Finds a Deal to Its Liking

ConocoPhillips Finally Finds a Deal to Its Liking

Over the past few years, ConocoPhillips (NYSE: COP) has repeatedly said that it's not interested in large mergers. Given the oil company's high bar for returns, most merger opportunities haven't made sense. Despite Conoco paying a premium to buy Concho, this deal checks all the boxes.