NEW YORK (AP) — ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion.
The deal is valued at $22.5 billion when including $5.4 billion in debt.
Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock that they own.
The deal is expected to close in the fourth quarter. It still needs approval from Marathon Oil stockholders.
'The Voice' Season 26 finale: Coach Michael Bublé scores victory with Sofronio Vasquez
Specialty
JD Vance’s Catholicism helped shape his views. So did this little-known group of Catholic thinkers
Specialty
The Bachelorette Finale: Jenn Tran and Devin Strader Break Up, End Engagement in Shocking Twist
Specialty