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Unconventional production may entail developing oil sands, directional drilling and-or hydraulic fracturing. "This is a proud moment to look back on what we achieved at Marathon Oil," said ...
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 ...
After all, Marathon's P/E ratio spiked this week and Conoco's declined in the wake of the deal news. But as of Thursday, Conoco still has a P/E ratio of 13.1 versus Marathon's 11.8.
Marathon Oil (MRO) plans to curtail capital spending by an additional $600 million from the earlier projection and stall any further drilling activity in Northern Delaware.
Marathon's Detroit refinery has a crude oil refining capacity of 140,000 barrels per day, processing sweet and heavy sour crude oils into products such as gasoline and distillates.
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 ...
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.