Page 5 - Ryan Lance News Today

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) has announced that they have entered into a definitive

ConocoPhillips has agreed to acquire Marathon Oil in a $22.5 billion deal, aiming to increase scale, cash flow, and earnings while diversifying its exposure in several U.S. shale basins.

(Reuters) - A Trinidad and Tobago court order has granted ConocoPhillips COP.N the right to enforce a $1.33 billion claim against Venezuela for past

ConocoPhillips announces the acquisition of Marathon Oil in a $22.5 billion all-stock transaction, promising immediate financial benefits, significant cost savings, and enhanced shareholder returns.

ConocoPhillips has reportedly won the right to enforce a $1.33 billion claim against Venezuela for past expropriations. They are also involved in a court case to recover money owed for the expropriation of their assets.

The acquisition will enable Conoco Phillips to strengthen its position in shale oil and gas-rich US regions such as the Bakken Basin.

The buyout offer is the latest in recent years, as high demand for oil has led to energy companies flush with cash and eager to expand.

(CTN News) - On Wednesday, ConocoPhillips and Marathon Oil reached a deal for Marathon Oil to be purchased by ConocoPhillips..............

(CTN News) - In a significant move in the oil and gas industry, ConocoPhillips has announced its plans to acquire Marathon Oil in an all-stock transaction

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.