ConocoPhillips to buy Marathon Oil in $17.1 billion all-stock deal that bolsters shale assets
ConocoPhillips(COP) cnbc.com·2024-05-29 19:15
ConocoPhillips Chairman & CEO Ryan Lance speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024.ConocoPhillips on Wednesday agreed to purchase Marathon Oil in an all-stock transaction worth $17.1 billion that would strengthen the company's shale assets."This acquisition of Marathon Oil further deepens our portfolio and fits within our financial framework, adding high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position," said ConocoPhillips CEO Ryan ...