ConocoPhillips acquires Marathon Oil Corporation in $22.5B deal
Under the agreement, ConocoPhillips will receive additional acreage to its existing U.S. onshore portfolio, adding over 2 billion barrels of resource.
Source: foxbusiness.com
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ConocoPhillips to acquire Marathon Oil for $17.1 billion all-stock deal
Crude prices have jumped more than 12% this year and the cost for a barrel rose above $80 this week.
Source: katv.com
ConocoPhillips buys 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 rise and big oil companies reap massive profits.
Source: washingtontimes.com
Oil giant ConocoPhillips to buy Marathon Oil in $17.1bn deal
Takeover is latest by a US conglomerate gambling on fossil fuel production as profits surge on rising energy prices
Source: theguardian.com
ConocoPhillips Acquires Marathon Oil In All-Stock Deal At 14.7% Premium: Details - ConocoPhillips (NYSE:COP), Marathon Oil (NYSE:MRO)
Marathon Oil shares up 7.45% and ConocoPhillips shares down 3.56% after deal announcement for ConocoPhillips to acquire Marathon Oil for $22.5 billion in all-stock transaction.
Source: benzinga.com