MRO Oct 2024 15.000 call
| Previous close | 11.80 |
| Open | N/A |
| Bid | 14.10 |
| Ask | 15.00 |
| Strike | 15.00 |
| Expiry date | 2024-10-18 |
| Day's range | 11.80 - 11.80 |
| Contract range | N/A |
| Volume | |
| Open interest | 1 |
- Yahoo Finance Video
Why ConocoPhillips' $17B Marathon Oil deal is 'a surprise'
ConocoPhillips (COP) is set to acquire Marathon Oil (MRO) in an all-stock deal valued at $17.1 billion. Tortoise Portfolio Manager Rob Thummel joins the Morning Brief to explain why this acquisition has come as "a surprise." Thummel commends Marathon Oil's management team, stating that they "have really done a great job of being capital disciplined." This disciplined approach has resulted in a high free cash flow yield, which Thummel believes will be one of the most significant benefits to ConocoPhillips through this acquisition. However, Thummel describes Marathon Oil's actual assets as "good, not great." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
Energy: Shareholders approve Hess sale, Conoco to buy Marathon
The energy sector is witnessing several high-stakes deals, with two major transactions reaching their final stages. Shareholders of Hess (HES) have voted to approve the company's $53 billion sale to Chevron (CVX). ConocoPhillips (COP) is also poised to acquire Marathon Oil (MRO) in a $17.1 billion all-stock deal. Yahoo Finance's Ines Ferré breaks down the details of each acquisition within the sector. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
BenzingaConocoPhillips To Acquire Marathon Oil In All-Stock Deal At 14.7% Premium: Details
Marathon Oil Corporation (NYSE:MRO) and ConocoPhillips (NYSE:COP) stocks are moving in opposite directions on Wednesday after they disclosed a definitive deal in which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion. As per the agreement, Marathon Oil shareholders will receive 0.2550 ConocoPhillips shares for each share of Marathon Oil they hold. The acquisition price represents a 14.7% premium to the closing share price of Marathon
