_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 can riding a bike reduce your stomach 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: 315K times
✓ Published: 30-May-2024
👁 View: 315K 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
_cycling-for-half-an-hour-every-day-will-do-this-to-your-body.webp "Bestie Health")
_ary-news-4-pm-headlines-29th-may-2024-124-pti-founders-big-decision.webp "#imrankhan #PunjabCabinet #lahorehighcourt #headlines <br/><br/>Petrol prices likely to drop again in Pakistan<br/><br/>A great loss to the Muslim World<br/><br/>Ahmed Farhad arrested, in Kashmir police custody, IHC informed<br/><br/>Khawar Maneka ‘attacked’ by lawyers’ outside court<br/><br/>Eidul Azha 2024 to fall on THIS date in Pakistan<br/><br/>PTI’s Sher Afzal Marwat meets Ishratul Ibad to reduce political tension<br/><br/>China hosts Arab leaders at forum aimed at deepening ties<br/><br/>Karachi: Heatwave conditions likely to persist till June 1st<br/><br/>LHC declare ECP’s vote recounting decision in NA-97 as void<br/><br/>IMF wants Pakistan to impose tax on stationery items<br/><br/>At least 27 killed as Quetta-bound bus plunges into ditch<br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.")
_how-to-lose-weight-by-cycling-124-healthy-weight-loss-tips-on-the-bike.webp "Global Cycling Network")
⏲ 15 minutes 25 seconds 👁 504.4K
_how-long-to-ride-an-exercise-bike-for-weight-loss-amp-muscle-gain.webp "Fitnessdy")
_7-recumbent-bike-benefits-and-3-disadvantages.webp "Fitnessdy")
_how-to-lose-weight-with-the-exercise-bike-fast.webp "Weight Loss Academy")
_cyclist-laurence-toombs-discusses-harsh-reality-of-riding-on-kent39s-roads.webp "Cyclist Laurence Toombs discusses the abuse and threats riders face on the roads of Kent")
_how-to-reduce-the-reach-of-your-bike-and-reduce-neck-and-back-pain.webp "Bulletproof Cycling")
_cycling-for-half-an-hour-every-day-will-do-this-to-your-body.jpg)
_ary-news-4-pm-headlines-29th-may-2024-124-pti-founders-big-decision.jpg)
_how-to-lose-weight-by-cycling-124-healthy-weight-loss-tips-on-the-bike.jpg)
_how-long-to-ride-an-exercise-bike-for-weight-loss-amp-muscle-gain.jpg)
_7-recumbent-bike-benefits-and-3-disadvantages.jpg)
_how-to-lose-weight-with-the-exercise-bike-fast.jpg)
_cyclist-laurence-toombs-discusses-harsh-reality-of-riding-on-kent39s-roads.jpg)
_how-to-reduce-the-reach-of-your-bike-and-reduce-neck-and-back-pain.jpg)
![[+]](/images/menu.gif){kind=small}