By Dean Seal
ConocoPhillips has agreed to acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, including $5.4 billion in debt.
The transaction is expected to close in the fourth quarter, subject to approval from regulators and Marathon Oil stockholders.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
05-29-24 0720ET