ConocoPhillips Acquires Marathon Oil to Bring Over $1B in Synergies
ConocoPhillips(COP) ZACKS·2024-11-26 23:55
ConocoPhillips (COP) recently completed the acquisition of Marathon Oil Corporation, which was initially announced in May, 2024. The acquisition will enhance its deep, durable and diverse portfolio aligned with its strict financial framework. It will bolster COP’s high-quality inventory at low cost alongside its prominent U.S. unconventional assets.Financial Details of COP’s AcquisitionPer the terms of the acquisition deal, the shareholders of Marathon Oil would have the right to receive 0.255 shares of COP ...