ConocoPhillips Nears Marathon Oil Acquisition in Multi-Billion Dollar Deal
TL;DR Summary
ConocoPhillips is in advanced talks to acquire Marathon Oil Corp. in an all-stock deal valued at over $15 billion, according to sources. This acquisition would expand Conoco's presence in US shale fields and continues a trend of consolidation in the oil and gas industry. An announcement could be made as soon as Wednesday.
- ConocoPhillips in Talks to Acquire Marathon Oil, FT Reports Yahoo Finance
- ConocoPhillips to buy Marathon Oil in $17.1 billion all-stock deal that bolsters shale assets CNBC
- ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal Bloomberg
- Why a ConocoPhillips/Marathon Oil merger may be the last among the majors MarketWatch
- ConocoPhillips in advanced talks to buy Marathon Oil, FT reports Yahoo Finance
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