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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. ...
ConocoPhillips Company is an American multinational ... ConocoPhillips acquired Marathon Oil in a $22.5 ... conducting monthly inspections and training employees in ...
At the end of May 2024, ConocoPhillips announced that it was planning to buy Marathon Oil. The deal was fully consummated last week. From a big-picture perspective, that was pretty solid execution ...
In 2011, Marathon completed the corporate spin-off of Marathon Petroleum, distributing a 100% interest to its shareholders. [18] In June 2013, Marathon sold its Angolan oil and gas field to Sinopec for $1.52 billion. [19] In September 2013, Marathon sold a 10% stake in an oil and gas field offshore Angola for $590 million to Sonangol Group. [20]
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 ...
The refinery is owned and operated by Phillips 66, a downstream company with midstream and chemical businesses spun off from ConocoPhillips in 2012. The complex is capable of refining 120,000 barrels (19,000 m 3) of crude oil per day. [2]
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 ...