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The company was formed as Cabot Oil & Gas Corporation, a subsidiary of Cabot Corporation. It became a public company via an initial public offering in February 1990. In March 1991, the company became 100% publicly owned. [2] In 1994, the company acquired Washington Energy Resources in a $180 million stock transaction. [3]
US$ 3.2 billion (2018) Number of employees. 4,500 [ 2] Website. cabotcorp .com. Cabot Corporation is an American specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company operates in over 20 countries with 36 manufacturing plants, eight research and development facilities and 28 sales offices.
Cabot (CBT) gains on strong underlying demand across its businesses, its disciplined execution of operations and strategic acquisition.
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It also acquired assets from Cabot Oil & Gas for $92.5 million. [3] In 1998, the company acquired Domain Energy for $214 million. [4] The company also changed its name to Range Resources Corporation. In 1999, the company formed a 50-50 joint venture with FirstEnergy called Great Lakes Energy Partners LLC to own properties in the Appalachian ...
Cabot (CBT) benefits from strength in tire and automotive markets, disciplined execution and targeted growth initiatives.