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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]
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
The merger of the Houston-based rivals follows ExxonMobil’s $60 billion purchase of Pioneer and Chevron’s ... Until 1962, Marathon Oil was called The Ohio Oil Company, which was founded in ...
Marathon Oil Tower is a skyscraper in Uptown Houston. The building rises 562 feet (171 m) in height. [1] It contains 41 floors, and was completed in 1983 and construction only took 22 months. [2] First City Tower currently stands as the 20th-tallest building in the city.
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 ...
Marathon Petroleum purchased its original 84,000 bpd Texas City Refinery from Plymouth Oil Company in 1962. What remains operating today is an integrated part of the Galveston Bay Refinery, nicknamed Bay Plant. It was established in 1931 by Republic Oil Refining Company and sold to Plymouth Oil Company in 1957. [2]
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 ...