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The purchase price represents a 14.7% premium to the closing price of Marathon on May 28, giving the company an enterprise value (market cap plus debt) of $22.5 billion.
Bates Oil — Ireland; Bemol — Moldova; Best — Norway; Bharat Petroleum — India; BP (advertising tagline "Beyond Petroleum"; initials stood for British Petroleum, but with the merger of Amoco in 1998, BP is the actual corporate name) Amoco — United States, was used as a fuel grade until BP brought it back as a fuel brand in 2017
Source: Jonathan Weiss/shutterstock.com Marathon Oil (NYSE:MRO) lost ground for the third session in a row on Wednesday. The 1.5% slide came even as the Energy Sector (NYSEARCA:XLE) closed up 0.6% ...
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.
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 ...
In 1962, the Speedway 79 and Marathon stations were consolidated under the Marathon name and the Ohio Oil Company is renamed Marathon Oil Company. [5] [6] In 1981, Mobil made a hostile takeover offer to buy the company. [7] [8] However, the board of Marathon Oil rejected the offer and instead sold the company to United States Steel. A legal ...
Marathon Petroleum Corporation (NYSE:MPC) shares are trading higher after its third-quarter results. Total revenues and other income of $35.4 billion topped the consensus of $32.8 billion.
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 ...