Marathon Oil Corporation (NYSE: MRO) has announced that it has received the requisite approval from its stockholders for the proposed merger with ConocoPhillips (NYSE: COP). The approval was granted during a special stockholder meeting, and Marathon Oil is expected to disclose the results in a Form 8-K filing with the U.S. Securities and Exchange Commission […]
ConocoPhillips (NYSE: COP) has reached a definitive agreement to acquire Marathon Oil Corporation (NYSE: MRO) through an all-stock transaction valued at $22.5 billion, including $5.4 billion of net debt. This strategic acquisition is set to significantly enhance ConocoPhillips’ standing in the energy sector by adding Marathon Oil’s high-quality, low-cost supply inventory to its portfolio. Transaction […]
Marathon Oil has agreed to acquire the Eagle Ford Shale assets of Ensign Natural Resources in an all-cash transaction valued at $3 billion to nearly double its position in the basin. Through the transaction, Marathon Oil will acquire an additional 130,000 net acres (99% operated, 97% working interest) that span the Live Oak, Bee, Karnes, […]
Energy acquisition news : French oil and gas major Total has acquired Marathon Oil Libya, a subsidiary of Marathon Oil for $450 million to take a stake of 16.33% in the Waha concessions. Currently, the Waha concessions in Libya are producing about 300,000 barrels of oil equivalent per day (boe/d). The production is likely to […]