
High Premiums Dissuade ConocoPhillips from Making a Big M&A Leap
Conoco looks toward sub-$7 billion/year capital spend for the long-term forecast By Richard Rostad, analyst, Oil & Gas 360 ConocoPhillips (ticker: COP) announced first quarter results today, showing net income of $1.8 billion, or $1.60 per share. This quarter’s results significantly exceed those of Q1 2018, when Conoco earned $0.9 billion. However, much of this difference is due to special