ConocoPhillips in Talks to Buy Marathon Oil in All-Stock Deal
ConocoPhillips is in talks with Marathon Oil over an all-stock deal that would value the latter at $15 billion.
Source: oilprice.com
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ConocoPhillips buys Marathon Oil for $17.1 billion as energy giants scale up
ConocoPhillips is acquiring Marathon Oil in a blockbuster deal amid ongoing consolidation in the energy industry.
Source: cbsnews.com
ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise
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 announced Wednesday is valued at $22.5 billion when including $5.4 billion in debt. Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock that they own. ConocoPhillips said Wednesday that the transaction will add highly desired acreage to its existing U.S. onshore portfolio.
Source: wdio.com
ConocoPhillips is buying Marathon Oil in $22.5 billion deal
Big Oil keeps doing big deals.
Source: cnn.com
ConocoPhillips Announces $22.5 Billion Deal To Acquire Marathon Oil
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com