ConocoPhillips buying Marathon Oil in deal valued at $22.5bn

Conocophillips Buying Marathon Oil In Deal Valued At $22.5Bn
The deal is expected to close in the fourth quarter Photo: PA Images
Share this article

Associated Press Reporter

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion.

The deal is valued at $22.5 billion when including $5.4 billion in debt.



Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock that they own.

The deal is expected to close in the fourth quarter.

It still needs approval from Marathon Oil stockholders.

Read More

Message submitting... Thank you for waiting.

Want us to email you top stories each lunch time?

Download our Apps
© 2024, developed by Square1 and powered by