_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 17 8gla city vi 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
Related Videos
_city-of-corona-study-session-4-17-24.webp "City of Corona")
_sc17-opening-plenary-the-era-of-smart-cities-reimagining-urban-life-with-hpc.webp "SC Conference Series")
⏲ 1 hour 1 minute 31 seconds 👁 325
_the-story-of-vietnams-most-infamous-hacker.webp "Hieu was one of the world’s most prolific and hunted criminals from 2007 to 2013, when he operated a massive international identity theft scheme from his home in Vietnam. His method was to steal personally identifiable information (names, Social Security numbers, bank account data) and sell it to become rich. 100,000 USD a month rich; 900 x the average Vietnamese monthly salary at the time. Hieu was pursued relentlessly by the Secret Service, until his eventual capture in Guam in 2013. After years in prison, he was granted early release, returning him to his family in Saigon. In that time he transformed, in spirit and ethics, which led to his current role with the Vietnamese government capturing criminals just like his former self. This is his story, and his incredible redemptive arc.<br/><br/>Produced by<br/>EST Media<br/>Booncha Studio<br/><br/>Executive Producer<br/>Bao Nguyen<br/><br/>Directors<br/>Paul Vi Minh<br/>Keshia Hannam<br/><br/>Cinematographers<br/>Ha Hoang<br/>Truong Trong Tan<br/><br/>Producers<br/>Paul Vi Minh<br/>Tram T N Pham<br/><br/>Production Manager<br/>Khoi Nguyen<br/><br/>Production Assistants<br/>Cham Nguyen<br/>Ha Phan<br/>Phan Van Chiem<br/><br/>Gaffer<br/>Phan Van Chiem<br/><br/>Camera Operator<br/>Dang Thinh<br/><br/>Focus Puller<br/>Huy Phung<br/><br/>Assistant Cameras<br/>Vo Hien Cuong<br/>Nguyen Hoang<br/>Ly Hoai Nhon<br/>Phan Duc Anh<br/><br/>Grips<br/>Dinh Hoang Duy<br/>Nguyen Nhat Khoa<br/><br/>Sound<br/>Nguyen Ngoc Hung<br/>Nhanh Tran<br/><br/>Location Manager<br/>Phi Cao<br/>Shooting Co., Ltd<br/><br/>Equipment<br/>TL Production<br/>Bau House<br/><br/>Make Up Artists<br/>Vu Thi Nguyen<br/>Trang Emj<br/><br/>Transport<br/>Hai Minh<br/><br/>Editor<br/>Quang Vu<br/><br/>Colorist<br/>Truong Quoc Phuong (Erik)<br/><br/>AI Illustration Composer<br/>Lam Vinh<br/><br/>Animators<br/>Ho Sy Minh<br/>Tobe T Nguyen<br/><br/>Editor in Chief<br/>Keshia Hannam<br/><br/>Head of Production<br/>Stephanie Tangkilisan<br/><br/>Post Production Coordinator<br/>Skolastika Lupitawina<br/><br/>Assistant Editor<br/>Rendy Abi<br/><br/>Audio & Music Supervisor<br/>Mike Pham<br/><br/>Music Producer & Composer<br/>An Nam - Thao Mess<br/><br/>Special Thanks<br/>Doan Quynh Huong<br/>Dex Nguyen<br/>Mai Huong<br/>Gia Huy<br/>Duc Hieu<br/>Nguyen Boi Quynh<br/>Ngo Trong Can")
_day-at-work-landscape-architect.webp "ConnectEd")
![[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")
_intro-to-grpc-a-modern-toolkit-for-microservice-communication.webp "Twilio")
_circuit-breaker-pattern-fault-tolerant-microservices.webp "Defog Tech")
_blackrock39s-ibit-surpasses-grayscale39s-gbtc-as-largest-spot-bitcoin-etf-in-the-us.webp "BlackRock's spot Bitcoin ETF has surpassed Grayscale's to become the largest spot Bitcoin ETF in the US. IBIT now holds nearly $20 billion worth of Bitcoin, compared to GBTC, which holds more than $19 billion. Since launching in January, over $16 billion has flowed into IBIT, while $17 billion has been withdrawn from GBTC. IBIT saw increased inflows recently amid bullish crypto sentiment following ETH ETF approvals and renewed political support. BlackRock's addition of IBIT to its funds marked a turnaround after it saw low inflows and its first outflows in April.")
_city-of-corona-study-session-4-17-24.jpg)
_sc17-opening-plenary-the-era-of-smart-cities-reimagining-urban-life-with-hpc.jpg)
_the-story-of-vietnams-most-infamous-hacker.jpg)
_day-at-work-landscape-architect.jpg)
_eng-practice-daughter-2024-ep-17.jpg)
_intro-to-grpc-a-modern-toolkit-for-microservice-communication.jpg)
_circuit-breaker-pattern-fault-tolerant-microservices.jpg)
_blackrock39s-ibit-surpasses-grayscale39s-gbtc-as-largest-spot-bitcoin-etf-in-the-us.jpg)
![[+]](/images/menu.gif){kind=small}