_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 canntrust stock price tsx 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: 335K times
✓ Published: 30-May-2024
👁 View: 335K 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
_navitas-semiconductor-12x-stock-buy-depressed-stocks-for-exponential-gains.webp "Best of Us Investors")
⏲ 8 minutes 8 seconds 👁 503
_3-canadian-stocks-i-am-buying-now-april-2024.webp "Daniel Pronk")
_39roaring-kitty39-reveals-massive-gme-position-on-reddit-including-3665m-call-options-is-he-bringing-39courage39-back-to.webp "‘Roaring Kitty’ — the big name behind the GameStop ‘meme stock’ saga — on Sunday night revealed that he owns over $115.7 million worth of shares in the video gaming retailer. The influential investor, who has a large following among Redditors, especially users of r/WallStreetBets, posted a screenshot on r/SuperStonk subreddit, revealing that in addition to the shares, he also has about $65.7 million in call options expiring on June 21 with a strike price of $20 each.")
_canntrust-holdings-inc-tsetrst-ceo-on-pelham-expansion-progress.webp "Real Economist")
_they-didn39t-believe-in-space-snakes-until-he-saw-them-twice.webp "Picture this: you're cruising through space, minding your own business, when suddenly, you spot something slithering through the cosmos. Sounds like the plot of a sci-fi movie, right? Well, believe it or not, some folks claim to have seen these so-called \")
_peter-aceto-canntrust-holdings-cannabis-edibles-sales-not-likely-until-2020.webp "Investing News")
⏲ 11 minutes 14 seconds 👁 222
_canntrust-stock-crash-after-horrible-earnings-report.webp "personal hobbies")
_the-most-surprising-body-trivia-you39ll-ever-hear.webp "Nowadays, thanks to advances in dentistry, most people keep their teeth for much longer. We can easily replace lost teeth if needed, making wisdom teeth less necessary. Interestingly, fewer adults have to deal with teething pains. Over the past 10,000 years, our jaws have evolved rapidly, especially as our diets changed from hunting to farming. It's just one of many facts that prove how awesome and unique your body is. Prepare to learn more of them and see your own body from a different angle. Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/<br/> <br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV<br/> <br/>Subscribe to Bright Side: https://goo.gl/rQTJZz<br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside<br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en<br/> <br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/> For more videos and articles visit:<br/>http://www.brightside.me<br/> ----------------------------------------------------------------------------------------<br/>This video is made for entertainment purposes. We do not make any warranties about the completeness, safety and reliability. Any action you take upon the information in this video is strictly at your own risk, and we will not be liable for any damages or losses. It is the viewer's responsibility to use judgement, care and precaution if you plan to replicate.")
_navitas-semiconductor-12x-stock-buy-depressed-stocks-for-exponential-gains.jpg)
_3-canadian-stocks-i-am-buying-now-april-2024.jpg)
_39roaring-kitty39-reveals-massive-gme-position-on-reddit-including-3665m-call-options-is-he-bringing-39courage39-back-to.jpg)
_canntrust-holdings-inc-tsetrst-ceo-on-pelham-expansion-progress.jpg)
_they-didn39t-believe-in-space-snakes-until-he-saw-them-twice.jpg)
_peter-aceto-canntrust-holdings-cannabis-edibles-sales-not-likely-until-2020.jpg)
_canntrust-stock-crash-after-horrible-earnings-report.jpg)
_the-most-surprising-body-trivia-you39ll-ever-hear.jpg)
![[+]](/images/menu.gif){kind=small}