Energy Industry News

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise

  • 📰 SooToday
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 85%

España Titulares Noticias

España Últimas Noticias,España Titulares

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits. The deal is valued at $22.5 billion when including $5.4 billion in debt.

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits.Crude prices have jumped more than 12% this year and the cost for a barrel rose above $80 this week.

ConocoPhillips said Wednesday that the transaction will add highly desired acreage to its existing U.S. onshore portfolio.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 8. in ES

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

ConocoPhillips to buy Marathon Oil for US$22.5-billion in latest energy mergerConocoPhillips CEO Ryan Lance said the ‘acquisition of Marathon Oil further deepens our portfolio and fits within our financial framework’
Fuente: globeandmail - 🏆 5. / 92 Leer más »