_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 canntrust stock price tsx 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
_food-imposters-the-lies-we-eat.webp "Hey there, foodies! You won't believe how many foods we eat are total imposters. Take crab sticks, for example – they’re actually made from white fish and flavoring, not crab. And that \")
_dog-of-the-week-canntrust-holdings-inc-trsttsx.webp "KeyStone Financial")
_canntrust-holdings-inc-opens-toronto-stock-exchange-march-29-2018.webp "TMX Group")
_canntrust-tsx-delisting-march-25-2020.webp "RICH TV LIVE")
_canntrust-holdings-inc-tsetrst-coo-on-company-undervaluation-and-annual-profits.webp "Real Economist")
⏲ 12 minutes 51 seconds 👁 2K
_home-sellers-slashing-prices-at-fastest-rate-in-nearly-two-years-what39s-going-on.webp "A look at weekly and monthly data could show that homes for sale are seeing price cuts and fewer people are buying new homes, as consumers continue to grapple with high mortgage rates. Median sale prices hit records in the month of May 2024. Data points to the highest number of price cuts in nearly two years, which could suggest struggles ahead.")
_canntrust-stock-plunges-further-after-new-allegations.webp "CityNews")
_food-imposters-the-lies-we-eat.jpg)
_dog-of-the-week-canntrust-holdings-inc-trsttsx.jpg)
_canntrust-holdings-inc-opens-toronto-stock-exchange-march-29-2018.jpg)
_canntrust-tsx-delisting-march-25-2020.jpg)
_canntrust-holdings-inc-tsetrst-coo-on-company-undervaluation-and-annual-profits.jpg)
_home-sellers-slashing-prices-at-fastest-rate-in-nearly-two-years-what39s-going-on.jpg)
_canntrust-stock-plunges-further-after-new-allegations.jpg)
![[+]](/images/menu.gif){kind=small}