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ConocoPhillips Nears Marathon Oil Acquisition in Multi-Billion Dollar Deal

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Source: Yahoo Finance
ConocoPhillips Nears Marathon Oil Acquisition in Multi-Billion Dollar Deal
Photo: Yahoo Finance
TL;DR

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.

Topics:top-newsbusiness#acquisition#business#conocophillips#consolidation#marathon-oil#us-oil-industry
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  1. ConocoPhillips in Talks to Acquire Marathon Oil, FT Reports  Yahoo Finance
  2. ConocoPhillips to buy Marathon Oil in $17.1 billion all-stock deal that bolsters shale assets  CNBC
  3. ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal  Bloomberg
  4. Why a ConocoPhillips/Marathon Oil merger may be the last among the majors  MarketWatch
  5. ConocoPhillips in advanced talks to buy Marathon Oil, FT reports  Yahoo Finance

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