ConocoPhillips strengthens U.S. shale position with $22.5bn Marathon Oil acquisition
ConocoPhillips has officially closed its $22.5 billion acquisition of Marathon Oil Corporation, marking a pivotal moment in the U.S. energy sector. This all-stock transaction, which also includes $5.4 billion in net debt, significantly bolsters ConocoPhillips’ position as a leader in the industry. By integrating Marathon Oil’s low-cost, high-quality supply inventory, the company expects to enhance […]