ConocoPhillips completes acquisition of Marathon Oil Corporation
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Acquisition Announcement: ConocoPhillips has completed its acquisition of Marathon Oil Corporation, enhancing its portfolio with high-quality, low-cost supply inventory and expecting to achieve over $1 billion in synergies within the next year.
Company Overview: ConocoPhillips is a leading exploration and production company with a diversified global asset portfolio, reporting significant production and reserves as of late 2024.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
