_conocophillips-to-acquire-marathon-oil-in-3617-billion-all-stock-deal-making-it-the-3rd-largest-us-oil-company.jpg "ConocoPhillips to Acquire Marathon Oil in $17 Billion All-Stock Deal Making It the 3rd Largest US Oil Company from inc 17 Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:42
👁 View: 335K times
✓ Published: 30-May-2024
👁 View: 335K times
✓ Published: 30-May-2024
Description:
ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal worth $17 billion. The acquisition will add 2 billion barrels of oil and gas resources to ConocoPhillips' portfolio across shale fields in Texas, New Mexico, and North Dakota. ConocoPhillips expects $500 million in annual cost savings from the deal through reduced administrative and operating expenses. The company plans $7 billion in share buybacks in the first year and $20 billion within three years post-deal. The transaction makes ConocoPhillips the third-largest US oil company by market cap of more than $130 billion.
ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal worth $17 billion. The acquisition will add 2 billion barrels of oil and gas resources to ConocoPhillips' portfolio across shale fields in Texas, New Mexico, and North Dakota. ConocoPhillips expects $500 million in annual cost savings from the deal through reduced administrative and operating expenses. The company plans $7 billion in share buybacks in the first year and $20 billion within three years post-deal. The transaction makes ConocoPhillips the third-largest US oil company by market cap of more than $130 billion.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_9234toons-inc-9234-part-17-tricking-shen.webp "J.B. Eagle")
_reporter39s-guarantee-124-in-conversation-with-himachal39s-cm-sukhvinder-singh-sukhu.webp "Outlook's Ashwani Sharma in conversation with Sukhvinder Singh Shukhu, the Chief Minister of Himachal Pradesh. He spoke about the recent party-switching by some political leaders from the Indian National Congress. He also addressed claims of contradictions within the party and discussed various relief schemes and initiatives undertaken.<br/><br/>Videographer: Tribhuvan Tiwari<br/><br/>Video Editor: Sudhanshu Pandey<br/><br/>Follow us:<br/>Website: https://www.outlookindia.com/<br/>Facebook: https://www.facebook.com/Outlookindia<br/>Instagram: https://www.instagram.com/outlookindia/<br/>X: https://twitter.com/Outlookindia<br/>Whatsapp: https://whatsapp.com/channel/0029VaNrF3v0AgWLA6OnJH0R<br/>Youtube: https://www.youtube.com/@OutlookMagazine<br/>Dailymotion: https://www.dailymotion.com/outlookindia<br/><br/>#HimachalPradesh #INC #Elections #SukhvinderSinghShukhu")
_alliant-reloder-17-at-reloading-unlimited-inc.webp "Reloading Unlimited")
_building-a-new-office-in-software-inc-17.webp "SeniacTWO")
_inc-17.webp "Christine Mayo")
_essential-selection-17-cid-inc-guy-j-and-more.webp "Barfly Music")
![[ENG] Practice Daughter (2024) EP.17](https://cdn3.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KGJguAwSwGRyKnzuvDHcaqP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_eng-practice-daughter-2024-ep-17.webp "[ENG] Practice Daughter (2024) EP.17")
_icons-inc-part-17-tricking-shere-khan.webp "Solano's Crossover Production"){kind=icon}
_9234toons-inc-9234-part-17-tricking-shen.jpg)
_reporter39s-guarantee-124-in-conversation-with-himachal39s-cm-sukhvinder-singh-sukhu.jpg)
_alliant-reloder-17-at-reloading-unlimited-inc.jpg)
_building-a-new-office-in-software-inc-17.jpg)
_inc-17.jpg)
_essential-selection-17-cid-inc-guy-j-and-more.jpg)
_eng-practice-daughter-2024-ep-17.jpg)
_icons-inc-part-17-tricking-shere-khan.jpg){kind=icon}
![[+]](/images/menu.gif){kind=small}