Marathon Oil Merges with ConocoPhillips, Reshaping Industry Ties
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
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Source: Business Insider
Merger Details: Marathon Oil has merged with ConocoPhillips, resulting in the termination of Marathon’s credit agreements and commercial paper program, with shareholders receiving stock and cash from ConocoPhillips.
Management Changes: The merger led to a complete change in Marathon's management, deregistration of its stock on the NYSE, and ConocoPhillips taking over responsibility for Marathon’s municipal bonds.
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.
