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home / news releases / MRO - ConocoPhillips Makes An Intelligent Move With Marathon Oil

MRO - ConocoPhillips Makes An Intelligent Move With Marathon Oil

Marathon Oil Corporation

2024-05-31 08:08:15 ET

Summary

  • ConocoPhillips announced the acquisition of Marathon Oil to create a combined company with a potential valuation of over $150 billion.
  • The transaction is expected to be immediately accretive to FCF per share, with $500 million in identified savings.
  • The combined company will have strong shale assets and a dividend yield of over 3.3%, expected to increase by 34% by year-end.

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For further details see:

ConocoPhillips Makes An Intelligent Move With Marathon Oil
Stock Information
Company Name: Marathon Oil Corporation
Stock Symbol: MRO
Market: NYSE
Website: marathonoil.com
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