MARKETS

ConocoPhillips acquires Marathon Oil for US$22.5bn

Another mega US M&A deal announced following Chevron-Hess merger

ConocoPhillips sign on the building at their World Headquarters in Houston. Credit: Shutterstock/JHVEPhoto

ConocoPhillips has agreed to acquire Marathon Oil in an all-stock transaction valued at US$22.5 billion, including $5.4 billion of net debt. Under the agreement, Marathon Oil shareholders will receive...

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