Coverage dated May 28, 2024

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise

Headline from WFMZ Allentown

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits. The deal announced Wednesday is

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39 articles, oldest first.

WFMZ Allentown
ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise (opens WFMZ Allentown)
Published May 28, 2024
WFMZ Allentown's feed description
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits. The deal announced Wednesday is
Digital Journal
ConocoPhillips to buy Marathon for $22.5 bn in latest big oil deal (opens Digital Journal)
Published May 28, 2024
Digital Journal's feed description
US energy giant ConocoPhillips announced Wednesday that it is acquiring competitor Marathon Oil for $22.5 billion in the latest big petroleum merger
Oil Price
ConocoPhillips in Talks to Buy Marathon Oil in All-Stock Deal (opens Oil Price)
Published May 28, 2024
Oil Price's feed description
ConocoPhillips is in talks with Marathon Oil over an all-stock deal that would value the latter at $15 billion.
Anchorage Daily News
ConocoPhillips is buying Marathon Oil for $17.1 billion in all-stock deal as profits soar on high energy prices (opens Anchorage Daily News)
Published May 28, 2024
Anchorage Daily News's feed description
ConocoPhillips said Wednesday the transaction will add highly desired acreage to its existing U.S. onshore portfolio.
ABC 12 Flint
ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal (opens ABC 12 Flint)
Published May 28, 2024
ABC 12 Flint's feed description
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits. The deal announced Wednesday is
Kiplinger
ConocoPhillips To Buy Marathon Oil: What To Know (opens Kiplinger)
Published May 28, 2024
Kiplinger's feed description
If ConocoPhillips' bid for Marathon Oil goes through, it will bring together two of the world's largest exploration and production companies.
Fox26 Houston
ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal, plus $5.4 billion in debt (opens Fox26 Houston)
Published May 28, 2024
Fox26 Houston's feed description
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion.
Forbes
Why ConocoPhillips’ $22.5 Billion Deal For Marathon Oil Is A Defensive Move (opens Forbes)
Published May 28, 2024
Forbes's feed description
With $250 billion worth of oil and gas M&A deals already inked in 2023, yet another one follows a likely industry-wide defensive pattern of consolidation and not growth.
UPI
ConocoPhillips to acquire Marathon Oil in $22.5 billion all-stock deal (opens UPI)
Published May 28, 2024
UPI's feed description
ConocoPhillips announced Wednesday it had entered a deal to acquire Marathon Oil.
Forbes
ConocoPhillips Bolsters U.S. Shale Assets With $22.5 Billion Acquisition Of Marathon Oil (opens Forbes)
Published May 28, 2024
Forbes's feed description
ConocoPhillips announced plans to acquire Marathon Oil Corporation through an all-stock transaction valued at $22.5 billion, including $5.4 billion in net debt.
Investor's Business Daily
ConocoPhillips Scooping Up Marathon Oil In $22.5 Billion Deal (opens Investor's Business Daily)
Published May 28, 2024
Investor's Business Daily's feed description
ConocoPhillips will pay $22.5 billion including debt in the latest industry consolidation move. Marathon Oil stock jumped. Conoco fell.
NBC 6 South Florida
ConocoPhillips to buy Marathon Oil in $17.1 billion all-stock deal that bolsters shale assets (opens NBC 6 South Florida)
Published May 28, 2024
NBC 6 South Florida's feed description
ConocoPhillips on Wednesday agreed to purchase Marathon Oil in an all-stock transaction worth $17.1 billion that would strengthen the company’s shale assets....
CBS News
ConocoPhillips buys Marathon Oil for $17.1 billion as energy giants scale up (opens CBS News)
Published May 28, 2024
CBS News's feed description
ConocoPhillips is acquiring Marathon Oil in a blockbuster deal amid ongoing consolidation in the energy industry.
Triblive
ConocoPhillips buying Marathon Oil for $17.1B in all-stock deal as energy prices rise (opens Triblive)
Published May 28, 2024
Triblive's feed description
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits. The deal is valued at $22.5 billion when including $5.4 billion in debt. Crude prices have jumped more than 12% this year and the cost
The Boston Globe
ConocoPhillips to acquire Marathon Oil in $22.5 billion deal (opens The Boston Globe)
Published May 28, 2024
The Boston Globe's feed description
ConocoPhillips agreed on Wednesday to acquire its smaller rival, Marathon Oil, the latest deal in a wave of consolidation sweeping the oil industry.
WISH-TV Indianapolis
ConocoPhillips buying Marathon Oil for $17.1B in all-stock deal, plus $5.4B in debt (opens WISH-TV Indianapolis)
Published May 28, 2024
WISH-TV Indianapolis's feed description
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion, plus $5.4 billion in debt.
New York Times
Another Big Oil Deal Despite Regulatory Pushback and Market Volatility (opens New York Times)
Published May 28, 2024
New York Times's feed description
ConocoPhillips has agreed to buy Marathon Oil for $22.5 billion, as consolidation in the U.S. energy sector shows little sign of slowing down.
Oil Price
ConocoPhillips to Buy Marathon Oil in $22.5-Billion All-Stock Deal (opens Oil Price)
Published May 28, 2024
Oil Price's feed description
ConocoPhillips has said that it will buy Marathon Oil in an oil-stock deal with an enterprise value of $22.5 billion.
KTVZ Bend
ConocoPhillips is buying Marathon Oil in $22.5 billion deal (opens KTVZ Bend)
Published May 28, 2024
KTVZ Bend's feed description
By Mark Thompson, CNN London (CNN) — Big Oil keeps doing big deals. ConocoPhillips said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22.5 billion, including about $5.4 billion of debt. Marathon Oil shareholders will receive 0.
FOX Business
ConocoPhillips to buy Marathon Oil in $22.5B deal (opens FOX Business)
Published May 28, 2024
FOX Business's feed description
Under the agreement, ConocoPhillips will receive additional acreage to its existing U.S. onshore portfolio, adding over 2 billion barrels of resource.
The Guardian
Oil giant ConocoPhillips to buy Marathon Oil in $17.1bn deal (opens The Guardian)
Published May 28, 2024
The Guardian's feed description
Takeover is latest by a US conglomerate gambling on fossil fuel production as profits surge on rising energy prices
Forbes
Another Oil Megadeal: ConocoPhillips Agrees On Buying Marathon In $23 Billion Deal (opens Forbes)
Published May 28, 2024
Forbes's feed description
The global deal making lull has not extended to the energy sector.
Investopedia
Marathon Oil Stock Jumps on $22.5B Acquisition by ConocoPhillips (opens Investopedia)
Published May 28, 2024
Investopedia's feed description
ConocoPhillips will buy Marathon Oil in an all-stock deal valued at $22.5 billion including debt, sending Marathon shares sharply higher.
Quartz
ConocoPhillips is buying Marathon Oil for $17.1 billion in the latest Big Oil merger (opens Quartz)
Published May 28, 2024
Quartz's feed description
The announcement follows Hess shareholders' approval of a takeover by Chevron

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.