XOM - Devon Energy Eyes Marathon Oil Weighs Strategic Acquisitions To Boost US Shale Presence | Benzinga
Oil and gas player Devon Energy Corp (NYSE: DVN) is reportedly exploring potential acquisition opportunities to bolster its presence in the U.S. shale sector and has engaged in preliminary discussions regarding a potential merger with Marathon Oil Corp (NYSE: MRO).
Marathon Oil boasts a market capitalization of approximately $17.5 billion.
Citing sources close to the discussion, Bloomberg noted that combining the two companies makes strategic sense due to their overlapping operations in several key basins across the ...