Costco to buy $3.2B oil business as it invests $2B

The discount retailer Costco announced Wednesday that it plans to buy the production and marketing assets of the world’s largest oil company, ConocoPhillips, for $3,2 billion in cash.The deal was first reported by Reuters.The transaction will give the company access to nearly $4 billion in financing.Costco said the deal will close in 2020.The oil-producing company […]