Search results
Results from the WOW.Com Content Network
ConocoPhillips (NYSE: COP) made a splash on May 29 when it announced an all-stock acquisition of Marathon Oil (NYSE: MRO).The purchase price represents a 14.7% premium to the closing price of ...
ConocoPhillips's plans to acquire independent oil and gas producer Marathon Oil in an all-stock deal for $22.5 billion including debt continues a recent string of deals in the energy space.
Marathon Petroleum Corporation (NYSE:MPC) shares are trading higher after its third-quarter results. Total revenues and other income of $35.4 billion topped the consensus of $32.8 billion.
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in 1887. [4]
In 1962, the Speedway 79 and Marathon stations were consolidated under the Marathon name and the Ohio Oil Company is renamed Marathon Oil Company. [5] [6] In 1981, Mobil made a hostile takeover offer to buy the company. [7] [8] However, the board of Marathon Oil rejected the offer and instead sold the company to United States Steel. A legal ...
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion. As part of the transaction, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips ...
Bates Oil — Ireland; Bemol — Moldova; Best — Norway; Bharat Petroleum — India; BP (advertising tagline "Beyond Petroleum"; initials stood for British Petroleum, but with the merger of Amoco in 1998, BP is the actual corporate name) Amoco — United States, was used as a fuel grade until BP brought it back as a fuel brand in 2017
Marathon Petroleum (MPC) closed at $51.39 in the latest trading session, marking a -0.41% move from the prior day.