ConocoPhillips in talks to buy Concho Resources: report

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ConocoPhillips is in talks to buy Concho Resources , Bloomberg News reported, citing people familiar with the matter. The report said the deal may come in the next weeks, and would represent a big shale bet at a time when oil prices are depressed. ConocoPhillips shares have dropped 46% this year, and Concho has dropped 50%.
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