ConocoPhillips to Acquire Marathon Oil in $22.5 Billion All-Stock Deal
Provided by
Dow Jones
By Dean Seal
ConocoPhillips has agreed to acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, including $5.4 billion in debt.
The transaction is expected to close in the fourth quarter, subject to approval from regulators and Marathon Oil stockholders.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 29, 2024 07:20 ET (11:20 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Six Sports Betting and iGaming Stocks Trading at a Discount
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations