Search results
Results from the WOW.Com Content Network
Big Oil keeps doing big deals. 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.
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 ...
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 ...
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 ...
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits. The deal is valued at $22.5 billion when including $5.4 billion in debt. Crude prices have jumped more than 12% this year and the cost for a barrel rose above $80 this week.
Unconventional production may entail developing oil sands, directional drilling and-or hydraulic fracturing. "This is a proud moment to look back on what we achieved at Marathon Oil," said ...
On April 30, 2018, Marathon agreed to buy Andeavor, an independent refinery and oil company based in the Western United States, for $23 billion. [23] Marathon will acquire all of Andeavor's outstanding shares. [24] [25] On October 1, 2018, the merger was completed. This merger brings the SuperAmerica convenience stores back to Speedway. [26]
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. ...