Marathon Oil’s Net Profit Increased by Almost 20% in the Second Quarter
In the second quarter of 2024, the American oil company Marathon Oil increased its net profit and revenue, and also confirmed the annual production forecast. In April–June, the company‘s net income increased to $349 million, or 62 cents per share, from $287 million, or 47 cents per share, a year …
US Trade Regulator Slows Down ConocoPhillips’ Takeover of Competitor Marathon
ConocoPhillips said it has received a second request from the US Federal Trade Commission (FTC) for information about its proposed acquisition of rival Marathon Oil. Both companies received requests on July 11 and are working with the FTC to review the merger. In May, Conoco said it would pay $22.5 …
Conoco to Buy Marathon Oil at $22.5 Billion Enterprise Value Including Debt
American oil company ConocoPhillips has agreed to buy Marathon Oil at an enterprise value (EV) of $22.5 billion, the companies said in a press release. The EV includes net debt of $5.4 billion. The settlement will be made exclusively in shares. Marathon shareholders will receive 0.255 Conoco shares for each …