Tag: marathon

ConocoPhillips To Acquire Marathon Oil In All-Stock Deal At 14.7% Premium: Details

ConocoPhillips To Acquire Marathon Oil In All-Stock Deal At 14.7% Premium: Details Marathon Oil Corporation (NYSE:MRO) and ConocoPhillips (NYSE:COP) stocks are moving in opposite directions on Wednesday after they disclosed a definitive deal in which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion. As per the agreement, […]

ConocoPhillips buying Marathon Oil in deal valued at $22.5bn

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. NEWS RELEASE: ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update https://t.co/C5S1P1HWNT — ConocoPhillips News (@cop_newsroom) May 29, 2024 Marathon Oil shareholders will receive […]

ConocoPhillips buying Marathon Oil in deal valued at 22.5 billion dollars

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately 17.1 billion (£13.4 billion). The deal is valued at 22.5 billion dollars (£17.6 billion) when including 5.4 billion dollars (£4.2 billion) in debt. NEWS RELEASE: ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update https://t.co/C5S1P1HWNT — ConocoPhillips News (@cop_newsroom) […]

ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal

(Bloomberg) — ConocoPhillips agreed to acquire Marathon Oil Corp. in a $22.5 billion all-stock deal, extending a major buying spree in the US oil and gas industry. Most Read from Bloomberg The move expands ConocoPhillips’ footprint in domestic shale fields from Texas to North Dakota and hands the company reserves as far afield as Equatorial […]

ConocoPhillips in Talks to Acquire Marathon Oil, FT Reports

(Bloomberg) — ConocoPhillips is in advanced talks to acquire smaller rival Marathon Oil Corp. which would extend the oil industry’s spree of major deals, the Financial Times reported. Most Read from Bloomberg The all-stock proposal would value the target at slightly more than its market capitalization of about $15 billion, according to the FT, which […]