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

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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.

This is a Marathon gas station in Bradenton, Fla., Feb. 7, 2024. ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion. The deal announced Wednesday, May 29, 2024, is valued at $22.5 billion when including …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.

 

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ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices riseConocoPhillips 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.
ذریعہ: ksatnews - 🏆 442. / 53 مزید پڑھ »

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices riseConocoPhillips 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.
ذریعہ: wjxt4 - 🏆 246. / 63 مزید پڑھ »

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices riseConocoPhillips 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 announced Wednesday is valued at $22.5 billion when including $5.4 billion in debt. Marathon Oil shareholders will receive 0.
ذریعہ: AP - 🏆 728. / 51 مزید پڑھ »