Reported about 12 hours ago
ConocoPhillips has finalized its acquisition of Marathon Oil Corporation, converting each share of Marathon Oil into 0.255 shares of ConocoPhillips, enhancing its portfolio and market position. This merger, which received stockholder approval, will provide significant synergies and strengthen ConocoPhillips' supply inventory in the industry. Additionally, Marathon Oil has entered a new service agreement with Petrofac for its operations in Equatorial Guinea, and Chevron is moving forward with its own merger plans with Hess after regulatory approval.
Source: YAHOO