ConocoPhillips, Marathon Oil to merge

Jack Burke Senior Editor, Compressor Tech2

May 29, 2024

US$22.5 billion deal

ConocoPhillips plans to acquire Marathon Oil in an all-stock transaction with an enterprise value of US$22.5 billion.

“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 Ryan Lance,…

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