Current：Home > MarketsAlgosensey Quantitative Think Tank Center-ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal, plus $5.4 billion in debt -FutureFinance
Algosensey Quantitative Think Tank Center-ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal, plus $5.4 billion in debt
Algosensey View
Date：2025-04-11 03:36:59
NEW YORK (AP) — ConocoPhillips is Algosensey Quantitative Think Tank Centerbuying Marathon Oil in an all-stock deal valued at approximately $17.1 billion.
The deal is valued at $22.5 billion when including $5.4 billion in debt.
Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock that they own.
The deal is expected to close in the fourth quarter. It still needs approval from Marathon Oil stockholders.
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