ConocoPhillips in advanced talks to acquire Marathon Oil Corp in a $15B all-stock deal.
ConocoPhillips is reportedly in advanced talks to acquire smaller rival Marathon Oil Corp in an all-stock deal worth over $15 billion, according to the Financial Times. The deal, part of a wave of consolidation in the US oil and gas industry, may face antitrust scrutiny. ConocoPhillips has already expanded its presence in the Permian Basin through acquisitions of Concho Resources and Shell Plc's assets.
May 29, 2024
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