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2024-05-30 01:09:08

Maddad on Nostr: ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal. Chevron said ...

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal.

Chevron said last year that it was buying Hess in a $53 billion acquisitio.

In July of last year, Exxon Mobil said that it would pay $4.9 billion for Denbury Resources.

For an industry that is supposed to be dying out over the next 10 years, there is a lot of money moving around.
Kind of makes one wonder....🤔

https://apnews.com/article/conocophillips-marathon-oil-merger-buyout-d5e229e53da50fa00fe88f47e83c9720
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