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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 said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22.5 billion, including about $5.4 billion of debt. ... while Conoco stock was down about 2%. The merger ...
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 ...
Ohio Oil continued to use the Marathon brand, and in 1962, Ohio changed its name to the Marathon Oil Company. In January 1982, Marathon was acquired by U.S. Steel. After the acquisition, the USX Corporation was created to act as the parent of U.S. Steel and Marathon Oil, which operated as divisions. In 2001, USX spun off Marathon under the name ...
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.
Announced Wednesday in Houston, headquarters for both corporations, it was an all-stock transaction with an enterprise value of $22.5 billion inclusive of ... ConocoPhillips-Marathon Oil come to terms
In 2009, a Norwegian oil company Aker Exploration merged with Det Norske Oljeselskap. On May 21, 2013, the company announced it had produced its first oil as an operator from the Jette field in the Norwegian sector of the North Sea. [5] In 2014, Det Norske Oljeselskap bought Marathon Oil's Norwegian subsidiary Marathon Oil Norway for US$2.7 ...
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 ...