[ TRANSACTION RECORD ]

ConocoPhillips Investment in Marathon Oil — 2024

VERIFIED VECTOR ID: 001807 · tx-093
M SOURCE NODE — FUNDER
ConocoPhillips
Energy United States
$22,500,000,000
EQUITY
29/05/2024
Q DESTINATION NODE — RECIPIENT
Marathon Oil
Company United States
Amount (USD)
$22.5B
Flow Type
EQUITY
Transaction Date
29/05/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity ConocoPhillips
AUM 95000
HQ Location United States
Sector Energy
Recipient Profile [ Q ]
Entity Marathon Oil
Entity Type Company
Jurisdiction United States
Intelligence Note

ConocoPhillips announced a 22.5 billion dollar agreement to acquire Marathon Oil to enhance its domestic resource base and capital efficiency. The transaction adds high-quality acreage in the Eagle Ford and Bakken shale plays to Conoco’s portfolio. This deal underscores the ongoing consolidation trend among major U.S. independent energy producers.

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Primary Forensic Source https://www.conocophillips.com/news-media/news-release/conocophillips-to-acquire-marathon-oil-in-22-5-billion-all-stock-transaction/
✓ SOURCE LINKED