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home / news releases / MRO - ConocoPhillips: Joining The Consolidation Wave With Marathon

MRO - ConocoPhillips: Joining The Consolidation Wave With Marathon

Marathon Oil Corporation

2024-05-30 11:09:08 ET

Summary

  • ConocoPhillips acquires Marathon Oil in a $22.5 billion all-stock deal, adding scale and potential synergies.
  • ConocoPhillips increases its quarterly dividend by 34% and plans to buy back $7 billion of its shares this year.
  • Despite initial shareholder skepticism, ConocoPhillips' consolidation move and aggressive capital allocation practices suggest long-term value.

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For further details see:

ConocoPhillips: Joining The Consolidation Wave With Marathon
Stock Information
Company Name: Marathon Oil Corporation
Stock Symbol: MRO
Market: NYSE
Website: marathonoil.com
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