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  • Business

Marathon Oil Shareholders Acquired For $16 Billion ConocoPhillips

Marathon Oil and ConocoPhillips closed the deal, which is undergoing a Federal Trade Commission review, to close late in the fourth quarter of 2024. Details of the vote were not immediately available.
The Economist Published: June 3, 2025 | Updated: June 3, 2025 1 minute read
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Marathon Oil shareholders on Thursday approved and acquired the U.S. oil producer’s nearly $16 billion acquisition by ConocoPhillips, the company said.

Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal https://t.co/msmmQoNz5C pic.twitter.com/k9ElGknD8u

— Reuters (@Reuters) August 29, 2024
Mr. Jorge Jimenez Neubauer Torres Investments

Source: Reuters

Reporting by Arathy Somasekhar in Houston

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The Economist

The Economist

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