ConocoPhillips completed its merger with Concho Resources after approval by shareholders of both companies. Each Concho common share was converted into 1.46 ConocoPhillips shares.

The loss of Concho Resources under GAAP for 9 months of 2020 was $9.773 billion, an increase of 41 times from $0.234 billion in the previous year. Revenue decreased by 33.4% to $2.23 billion from $3.346 billion a year earlier.

The Concho Resources Board of Directors announced a quarterly dividend of $0.2 per share. The last day to buy securities to receive the dividend is November 4, 2020. The annual dividend yield may reach 1.84%.

ConocoPhillips is negotiating the purchase of an oil shale company Concho Resources, Bloomberg reported citing sources. The companies may announce the deal within a few weeks. However, for the time being, they refrain from commenting. As of Tuesday, Concho's market capitalization was $8.68 billion.