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The Independent UK
The Independent UK
National
Michelle Chapman

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise

ConocoPhillips Marathon Oil Oil
Copyright 2024 The Associated Press, All Rights Reserved

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits.

The deal is valued at $22.5 billion when including $5.4 billion in debt.

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