DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
” Ryan Lance - 2 Biden - 1 Hess - 1 John D - 1 Lee Tillman - 1 ” Tillman - 1
Top related locs:
New Mexico North Dakota Texas Equatorial Guinea U.S Gulf of Mexico Conoco Houston
Top related orgs:
ConocoPhillips - 2 Marathon Oil - 2 London CNN - 1 Big Oil - 1 Oil - 1 Occidental - 1 Diamondback Energy - 1 Endeavor Energy Partners - 1

Search resuls for: "” Ryan Lance"


2 mentions found


☆ ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal
  + stars: | 2024-05-29 | by ( Bernhard Warner | More About Bernhard Warner | ) www.nytimes.com   time to read: +1 min
ConocoPhillips agreed on Wednesday to acquire its smaller rival, Marathon Oil, the latest deal in a wave of consolidation sweeping the oil industry. The all-stock deal values Marathon at $22.5 billion, including debt. Marathon’s operations are in some of the most sought-after oil fields in New Mexico, North Dakota and Texas; it also drills offshore of Equatorial Guinea. Major oil companies have pulled off some of the biggest acquisitions of the past year despite regulatory scrutiny from the Biden administration and volatility in the oil market. The U.S. giants have been harnessing record profits, giving them the firepower to acquire smaller players with operations in oil-rich regions like the Permian Basin, Bakken Shale and in the Gulf of Mexico.
Persons: ” Ryan Lance, Biden Organizations: ConocoPhillips, Marathon Oil Locations: New Mexico, North Dakota, Texas, Equatorial Guinea, U.S, Gulf of Mexico
☆ ConocoPhillips is buying Marathon Oil in $22.5 billion deal
  + stars: | 2024-05-29 | by ( Mark Thompson | ) edition.cnn.com   time to read: +2 min
ConocoPhillips said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22.5 billion, including about $5.4 billion of debt. Marathon Oil shareholders will receive 0.255 ConocoPhillips shares for each Marathon share they own, representing a 14.7% premium to the closing price on Tuesday. Shares of Marathon (MRO) were up more than 10% in premarket trade, while Conoco (COP) stock was down about 2%. “This acquisition of Marathon Oil further deepens our portfolio and fits within our financial framework, adding high-quality, low cost of supply inventory,” Ryan Lance, ConocoPhillips CEO, said in a statement. Until 1962, Marathon Oil was called The Ohio Oil Company, which was founded in 1887 and was bought two years later by John D. Rockefeller’s Standard Oil.
Persons: Hess, ” Ryan Lance, John D, Lee Tillman, ” Tillman Organizations: London CNN, Big Oil, ConocoPhillips, Oil, Marathon Oil, Occidental, Diamondback Energy, Endeavor Energy Partners, Marathon, Financial Times, Devon Energy, Ohio Oil Company Locations: Conoco, Houston, multibillion
0 next >>
Total: 2