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ConocoPhillips buying Marathon Oil for $17.1 billion

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This is a Marathon gas station in Bradenton, Fla., Feb. 7, 2024. ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion. The deal announced Wednesday, May 29, 2024, is valued at $22.5 billion when including $5.4 billion in debt. (AP Photo/Gene J. Puskar, File)

Crude prices have jumped more than 12% this year, and the cost for a barrel rose above $80 this week.


Originally published at The Associated Press
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