ConocoPhillips-Marathon Oil Merger Draws Fresh Government Scrutiny
COPConocoPhillips(COP) Investopedia·2024-07-12 22:57

Key TakeawaysConocoPhillips and Marathon Oil received a second request for information from the Federal Trade Commission on Thursday.In May, ConocoPhillips announced a proposed 22.5billiondealtoacquireMarathonOil.Thecompaniessaytheystillexpectthedealtocloseinthefourthquarter.ConocoPhillips(COP)planned22.5 billion deal to acquire Marathon Oil.The companies say they still expect the deal to close in the fourth quarter. ConocoPhillips’ (COP) planned 22.5 billion acquisition of Marathon Oil (MRO) has again drawn questions from the Federal Trade Commission (FTC). The oil producer said Friday in a regulatory filing that both compani ...