ConocoPhillips to Acquire Marathon Oil Corporation in All-Stock Transaction; Provides Shareholder Distribution Update
May 30, 2024
May 30, 2024
HOUSTON, Texas, May 30 -- ConocoPhillips, a producer of oil and gas resources, issued the following news release on May 29, 2024:
ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. Under the terms of the agreement, Marathon Oil shareh . . .
ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. Under the terms of the agreement, Marathon Oil shareh . . .