_conocophillips-to-acquire-marathon-oil-in-3617-billion-all-stock-deal-making-it-the-3rd-largest-us-oil-company.jpg "ConocoPhillips to Acquire Marathon Oil in $17 Billion All-Stock Deal Making It the 3rd Largest US Oil Company from matt 17 kjv Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:42
👁 View: 335K times
✓ Published: 30-May-2024
👁 View: 335K times
✓ Published: 30-May-2024
Description:
ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal worth $17 billion. The acquisition will add 2 billion barrels of oil and gas resources to ConocoPhillips' portfolio across shale fields in Texas, New Mexico, and North Dakota. ConocoPhillips expects $500 million in annual cost savings from the deal through reduced administrative and operating expenses. The company plans $7 billion in share buybacks in the first year and $20 billion within three years post-deal. The transaction makes ConocoPhillips the third-largest US oil company by market cap of more than $130 billion.
ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal worth $17 billion. The acquisition will add 2 billion barrels of oil and gas resources to ConocoPhillips' portfolio across shale fields in Texas, New Mexico, and North Dakota. ConocoPhillips expects $500 million in annual cost savings from the deal through reduced administrative and operating expenses. The company plans $7 billion in share buybacks in the first year and $20 billion within three years post-deal. The transaction makes ConocoPhillips the third-largest US oil company by market cap of more than $130 billion.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_matt-rife-axed-his-comedy-shows-at-indiana-university-after-he-was-stricken-by-an-39unexpected-medical-emergency39.webp "Following more than a year of non-stop touring, stand-up Matt Rife cancelled his comedy gigs at Indiana University after he was stricken by an “unexpected medical emergency”.")
⏲ 1:44 👁 5.6M
_matthew-171-to-27.webp "Robert Breaker")
_matthew-17-kjv.webp "Helpthosewho Helpothers")
_the-island-of-siliang-episode-17-english-sub-124124-sub-indo.webp "The Island of Siliang Episode 17 English Sub ,<br/>The Island of Siliang Episode 17 Sub indo")
_40-matthew-17-pastor-chuck-smith-c2000-series.webp "Ken Zenk")
_10-forgotten-wrestling-moments-you-won39t-believe-actually-happened.webp "Remember when Matt Hardy fought Evander Holyfield in a WWE ring? Probably not...")
_the-book-of-matthew-kjv-124-audio-bible-full-by-max-mclean-kjv-audiobible-audiobook.webp "Blessfully")
⏲ 2 hours 32 minutes 30 seconds 👁 246.8K
_the-book-of-luke-kjv-124-audio-bible-full-by-max-mclean-kjv-audiobible-audiobook.webp "Blessfully")
⏲ 2 hours 44 minutes 28 seconds 👁 152.2K
_matt-rife-axed-his-comedy-shows-at-indiana-university-after-he-was-stricken-by-an-39unexpected-medical-emergency39.jpg)
_matthew-171-to-27.jpg)
_matthew-17-kjv.jpg)
_the-island-of-siliang-episode-17-english-sub-124124-sub-indo.jpg)
_40-matthew-17-pastor-chuck-smith-c2000-series.jpg)
_10-forgotten-wrestling-moments-you-won39t-believe-actually-happened.jpg)
_the-book-of-matthew-kjv-124-audio-bible-full-by-max-mclean-kjv-audiobible-audiobook.jpg)
_the-book-of-luke-kjv-124-audio-bible-full-by-max-mclean-kjv-audiobible-audiobook.jpg)
![[+]](/images/menu.gif){kind=small}