MRO Nov 2024 31.000 put
- Investor's Business Daily
ConocoPhillips Scooping Up Marathon Oil In $22.5 Billion Deal
ConocoPhillips will pay $22.5 billion including debt in the latest industry consolidation move. Marathon Oil stock jumped.
- Bloomberg
ConocoPhillips to Acquire Marathon Oil in $17 Billion Deal
(Bloomberg) -- ConocoPhillips agreed to acquire Marathon Oil Corp. in an all-stock deal valuing the company at about $17 billion, extending a major buying spree among the largest players in the US oil and gas industry.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughNew BYD Hyb
- Associated Press Finance
ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits. Crude prices have jumped more than 12% this year and the cost for a barrel rose above $80 this week. As part of the transaction, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock that they own, the companies said Wednesday.
