Shares of Marathon Oil (MRO) shoot up on the announcement of a $22.5 billion buyout deal by ConocoPhillips (COP).
The stories for these great dividend stocks are better than many might think.
Consolidation among the oil and energy sector continues as Chevron (CVX) will be acquiring Hess (HES) in a deal valued at $53 billion while ConocoPhillips (COP) is set to acquire Marathon Oil (MRO) for $22.5 billion when including debt.