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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 ...
If You Could Buy Only 1 Oil Stock in 2025, These Are Some Top Stocks to Consider ... produce low-cost oil and gas by closing its $22.5 billion acquisition of Marathon Oil. ... crude oil prices ...
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion. The deal is valued at $22.5 billion when including $5.4 billion in debt.
Marathon Oil (MRO) stock has surged in the last few quarters. However, with the recent upside in oil price, there seems to be a further rally impending. Low break-even assets will translate into ...
Big Oil keeps doing big deals. For premium support please call: 800-290-4726 more ways to reach us
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 ...
The acquisition price represents a 14.7% premium to the closing share price of Marathon Oil on May 28, 2024, and a 16.0% premium to the prior 10-day volume-weighted average price.
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.