- Bloomberg
ConocoPhillips in Talks to Acquire Marathon Oil, FT Reports
(Bloomberg) -- ConocoPhillips is in advanced talks to acquire Marathon Oil Corp., which would extend a major wave of consolidation among the US oil and gas industry, according to people familiar with the matter.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughNew BYD Hybrid Can
- Bloomberg
Oil Extends Gain as Geopolitical Risks Simmer Before OPEC+ Talks
(Bloomberg) -- Oil extended gains as another attack on a ship in the Red Sea added to heightened geopolitical tensions in the Middle East ahead of an OPEC+ meeting. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 Kilometers
- Barrons.com
Marathon Oil Stock Climbs on Report It Could Be Bought by ConocoPhillips
Marathon Oil was rising early Wednesday following a report that said it was in negotiations to be acquired by ConocoPhillips. The Financial Times reported that ConocoPhillips was in advanced talks to buy Marathon Oil in an all-stock deal valued at a little more than $15 billion. Shares of Houston-based Marathon Oil were up 4.7% at $27.70 in premarket trading, valuing the company at around $15.5 billion.
