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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.
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 ...
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 ...
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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]
Reuben Gregg Brewer (TotalEnergies): If you want exposure to oil but also want to hedge your bets, given the ongoing clean energy shift, examine TotalEnergies. 3 Top Oil Stocks to Buy Before 2024 ...
Clarence Peter Cazalot Jr. (born 1950) [3] was president and chief executive of the Houston-based Marathon Oil Corporation. [1] [4] Since he took over control of the company in 2002, Marathon has expanded abroad with investments in the nascent gas industry of Equatorial Guinea and oil in Gabon, Libya and Norway.
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 ...