Published on 29 May 2024 on Offshore Technology via Yahoo Finance
ConocoPhillips in advanced discussions to purchase Marathon Oil
ConocoPhillips is in advanced negotiations to acquire Marathon Oil, the Financial Times reported citing undisclosed sources.
The all-stock bid would value Marathon Oil at somewhat more than its market capitalisation of roughly $15bn, the sources told the publication.
The transaction is on the brink of completion, although there remains a possibility that the talks could fail or a competing offer could emerge.