ConocoPhillips' Bid for Marathon Oil is Latest Bold O&G Deal
ConocoPhillips' Bid for Marathon Oil is Latest Bold O&G Deal
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ConocoPhillips' Bid for Marathon Oil is Latest Bold O&G Deal
Although the COVID-19 pandemic hit more than four years ago, some things are not quite back to normal. The virus itself is still around, and there could be an uptick in cases this summer, the...
Under the terms of the agreement, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips for each share of Marathon Oil common stock, a 14.7% premium to the closing share price of Marathon Oil on May 28, 2024.
Big Oil keeps doing big deals.
With $250 billion worth of oil and gas M&A deals already inked in 2023, yet another one follows a likely industry-wide defensive pattern of consolidation and not growth.