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ConocoPhillips is buying Marathon Oil for $17.1 billion in the latest Big Oil merger

The announcement follows Hess shareholders' approval of a takeover by Chevron

By: Quartz India

Jun 10 2024
4
3558 Views

ConocoPhillips is buying Marathon Oil for $17.1 billion in the latest Big Oil merger — ConocoPhillips is buying Marat

The Big Oil mergers keep coming. ConocoPhillips will buy Marathon Oil in an all-stock transaction valued at $22.5 billion, including $5.4 billion of net debt, the companies announced Wednesday. The … [+2592 chars]

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