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In July 2024, Marathon agreed to a $241.5 million settlement with the US Department of Justice and the Environmental Protection Agency to resolve allegations of failing to obtain required permits at dozens of the company's oil and gas facilities on the Fort Berthold Indian Reservation in North Dakota and releasing thousands of tons of illegal air pollution as a result. [30]
As per the agreement, Marathon Oil shareholders will receive 0.2550 ConocoPhillips shares for each share of Marathon Oil they hold. The acquisition price represents a 14.7% premium to the closing ...
Big Oil keeps doing big deals. ConocoPhillips said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22.5 billion, including about $5.4 billion of debt.
The federal government announced a $241.5 million settlement with Marathon Oil on Thursday for alleged air quality violations at the company's oil and gas operations on the Fort Berthold Indian ...
Prior to its acquisition by Marathon Petroleum in 2018, Tesoro was the third-largest independent petroleum refining and marketing company in the United States. The merger between the two companies formed the largest American refiner by capacity and the fifth in the world.
May 30—ConocoPhillips and Marathon Oil just jumped on the merry-go-round of mergers that the energy industry has seen in recent months with ConocoPhillips having been the last of the major oil ...
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.
U.S. officials on Thursday announced a $241 million settlement with Marathon Oil over alleged air pollution violations at dozens of the company's oil and gas facilities on a North Dakota Indian ...