US energy giant Conoco Phillips buys Marathon Oil in £17.7bn deal
The acquisition will enable Conoco Phillips to strengthen its position in shale oil and gas-rich US regions such as the Bakken Basin.
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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.