ConocoPhillips agrees to buy Marathon Oil in $22.5bn deal

Acquisition of Houston-based group is latest in a series of megadeals that have reshaped the US energy sector.

Conoco’s chief executive Ryan Lance said on Wednesday that the deal «further deepens our portfolio» and adds «high-quality, low cost of supply inventory adjacent to our leading US unconventional position».
Conoco’s chief executive Ryan Lance said on Wednesday that the deal «further deepens our portfolio» and adds «high-quality, low cost of supply inventory adjacent to our leading US unconventional position».Foto: Elin Høyland
Publisert 30. May 2024, kl. 08.09Oppdatert 30. May 2024, kl. 08.09