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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 (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 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 ...
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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]
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 ...
Chairman and CEO, Marathon Petroleum Gary R. Heminger (born 1952/1953) is an American businessman, and the former chairman and chief executive of Marathon Petroleum , a US-based oil refining, marketing, and pipeline transport company, and a Fortune Global 500 company.