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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 ...
Shares of Marathon were up more than 10% in premarket trade, while Conoco stock was down about 2%. The merger of the Houston-based rivals follows ExxonMobil’s $60 billion purchase of Pioneer and ...
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 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 ...
With the deal, ConocoPhillips Senior Vice President of Strategy Andy O'Brien said, production in the Eagle Ford Shale formation will increase to about 400,000 barrels per day with some 1,000 new ...
The oil industry's merger wave continues. For premium support please call: 800-290-4726 more ways to reach us
On Thursday, ConocoPhillips reported an adjusted EPS of $1.78, beating estimates; revenue of $13.6 billion vs. $14 billion expected. The company boosted its quarterly dividend by 34% to $0.78 ...
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 ...