ConocoPhillips agreed to buy Marathon Oil for $17.1 billion on Wednesday in an all-stock transaction, which will increase the company’s assets as the broader oil and gas industry undergoes a major wave of unification.
Categories: $17.1 billion$20 billion$22.5 billion$234 billion$5.4 billion of debt$7 billion2023all-stock transactionBusinessConocoPhillipsConocoPhillips CEOfirst full yearfirst three yearsfourth quartergasJames MeyersMarathon OilMarathon Oil stockholdersNew MexicoNorth DakotaOAN NewsroomOILPermian BasinRyan LanceTexasTodays Headlinestwo billion barrelsU.S.U.S. Energy Information Administration