Shares have retreated in Asia after U.S. stocks fell under the weight of higher yields in the bond market.

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits.

The Houston Texans, ConocoPhillips, Coca-Cola Southwest Beverages and Ashley announced they will award $400,000 to local nonprofits and educational programs through the 2023 Inspire Change Grant.

ConocoPhillips Alaska faces a potential $914,000 fine over what a state regulatory agency called a “shallow underground blowout” of a well that released natural gas at the company’s Alpine field on Alaska’s petroleum-rich North Slope last year.

The Biden administration’s approval this week of the largest new oil project in years on Alaska’s petroleum-rich North Slope has immediately been met by lawsuits seeking to stop the Willow project.

The Biden administration’s approval this week of the biggest oil drilling project in Alaska in decades promises to widen a rift among Alaska Natives.

The Biden administration’s approval of a massive oil development in northern Alaska commits the U.S. to yet another decadeslong crude project.

The Biden administration is approving a major oil-drilling project on Alaska’s petroleum-rich North Slope.

President Joe Biden is preparing to announce new protections against oil drilling in Alaska and the Arctic Ocean.

ConocoPhillips announced on Thursday a nearly $1.2 million multi-year donation, consisting of both in-kind equipment and monetary contributions, to Prairie View A&M University (PVAMU) to support student development of skills in engineering and business analytics for undergraduates.

More than 175,000 barrels of oil per day in production will shift from one major company to another.

Texas-based ConocoPhillips bought Shell’s Permian Basin assets for $9.5 billion, its second major purchase in the oil-rich area over the last year.

A federal judge in Anchorage has thrown out Trump administration approvals for a large planned oil project.

Houstonians can get in the Christmas spirit early thanks to a citywide gift from the Alley Theatre. In partnership with ConocoPhillips, Alley Theatre is offering Houstonians the opportunity to watch its “A Christmas Carol” performance for free. From Dec. 4 - 27, Houstonians can watch a digital production of the timeless holiday classic online. For a complete viewing experience, the Alley Theatre has created a digital program that provides cast bios, sponsor backgrounds, virtual conversations and video interviews with the cast and creative team. Click here to register to receive a private link to view the digital performance of “A Chrismas Carol.”

HOUSTON – At least 500 ConocoPhillips employees could be laid off early next year. John Roper, spokesman for the Houston-based company, said severance notifications could begin as early as Feb. 1, but the exact number of employees is still being evaluated. “We have been transparent with employees that targeted workforce reductions in certain areas of our business may be necessary from time-to-time to align organizational capacity with expected future activity levels,” Roper said. “In light of this and in anticipation of our acquisition of Concho Resources, which is set to close in the first quarter of 2021, ConocoPhillips is taking actions to align our business to remain competitive.”Roper said the affected employees will be given a 60-day notice, severance and outplacement assistance.

ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion, making it a major presence in the Permian Basin, the top-producing oil field in the U.S. The deal comes as many oil producers are struggling to make ends meet. More than 200 oil producers have filed for bankruptcy protection in the past five years. ConocoPhillips had acreage in the Permian Basin, but it was small compared to the company's size, and the deal "gets them a premier position in the Permian,” LeBlanc said. The Permian basin stretches from the northern reaches of Texas across the New Mexico border.

Stocks are pulling slightly higher in the early going on Wall Street, Wednesday, Oct. 14, as investors pore over another batch of earnings reports from big U.S. companies. (AP Photo/John Minchillo, File)Asian stocks followed Wall Street lower on Thursday as hopes U.S. leaders will agree on a new economic stimulus before the Nov. 3 presidential election faded. The Shanghai Composite Index lost 0.1% to 3,337.51 and the Nikkei 225 in Tokyo fell 0.5% to 23,517.63. On Wall Street, companies that rely on consumer spending, banks and technology and communication stocks bore the brunt of the selling. Wells Fargo dropped 6% after its earnings were lower than Wall Street expected.