ConocoPhillips Completes Acquisition of Marathon Oil

MT Newswires Live

2024/11/22

ConocoPhillips (COP) said Friday it has completed its acquisition of Marathon Oil (MRO).

Under the terms of the deal, Marathon shareholders will get 0.255 shares of ConocoPhillips' common stock for each share of Marathon common stock, the company added.

The all-stock deal with an enterprise value of $22.5 billion was first announced by ConocoPhillips in May.

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