Shareholders have approved ConocoPhillips' acquisition of Concho Resources. PHOTO SOURCE: ConocoPhillips ConocoPhillips (NYSE: COP) reported Friday that it has completed its acquisition of Concho Resources (NYSE: CXO), with shareholders of both firms having approved the combination. “We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it will deliver,” ConocoPhillips Chairman and CEO Ryan Lance commented in a written statement. “This acquisition results in the combination of two premier companies that can lead the structural change for our vital industry that’s critical to investors.” According to a fact sheet on ConocoPhillips’ website, the transaction creates an approximately $60 billion company with: