Ticker: MRO

ConocoPhillips (COP) has announced a $22.5 billion all-stock acquisition of Marathon Oil (MRO), enhancing its shale oil dominance and diversifying its global resources. This deal, following megamergers by Exxon Mobil and Chevron, underscores ongoing sector consolidation and strategic growth.

ConocoPhillips (NYSE: COP) is nearing a deal to acquire Marathon Oil Corp. (NYSE: MRO) in an all-stock transaction, potentially valuing Marathon Oil at over $15 billion. The merger could enhance ConocoPhillips' market dominance and portfolio, while traders should watch for stock price fluctuation...