_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 old gm stock value today 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: 165K times
✓ Published: 30-May-2024
👁 View: 165K 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
Related Videos
_why-is-gm-stock-so-cheap.webp "Morningstar Canada")
_probably-a-dumb-nba-bet.webp "Joe Ostrowski is always looking for the betting value.He's eying one player for the Boston Celtics for a longshot Finals MVP bet.")
_gm-stock-surge-imminent-in-depth-analysis-amp-forecast-for-fri-act-now-or-regret-later.webp "StockInvest.us")
⏲ 12 minutes 44 seconds 👁 49
_is-general-motors-stock-a-buy-now-124-general-motors-gm-stock-analysis-124.webp "Global Value")
⏲ 9 minutes 45 seconds 👁 126
_don39t-get-screwed-on-your-trade-in-124-how-dealers-determine-the-true-value-of-your-car.webp "CarEdge")
⏲ 9 minutes 10 seconds 👁 81.2K
_how-do-general-motors-stock-fundamentals-look-124-36gm-stock-analysis.webp "Everything Money")
_predicting-caleb-williams-and-jayden-daniels-rookie-seasons.webp "Nick and Ryan break down Mike Clay's Rookie QB projections and discuss if there is any value in betting either")
_bullion-banks-sending-physical-gold-and-silver-to-shanghai.webp "maneco64")
_why-is-gm-stock-so-cheap.jpg)
_probably-a-dumb-nba-bet.jpg)
_gm-stock-surge-imminent-in-depth-analysis-amp-forecast-for-fri-act-now-or-regret-later.jpg)
_is-general-motors-stock-a-buy-now-124-general-motors-gm-stock-analysis-124.jpg)
_don39t-get-screwed-on-your-trade-in-124-how-dealers-determine-the-true-value-of-your-car.jpg)
_how-do-general-motors-stock-fundamentals-look-124-36gm-stock-analysis.jpg)
_predicting-caleb-williams-and-jayden-daniels-rookie-seasons.jpg)
_bullion-banks-sending-physical-gold-and-silver-to-shanghai.jpg)
![[+]](/images/menu.gif){kind=small}