Loading...
Market
ConocoPhillips stock price increase post-acquisition announcement?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Stock market data
Story
ConocoPhillips in Advanced Talks to Acquire Marathon Oil in $15 Billion All-Stock Deal
May 29, 2024, 06:35 AM
ConocoPhillips is in advanced talks to acquire Marathon Oil in a potential all-stock deal. The acquisition would value Marathon Oil, headquartered in Houston, at just over $15 billion, slightly above its current market value. The discussions are ongoing, and while the deal could still fall apart, it represents a significant move in the energy sector. Marathon Oil shares have risen in premarket trading following the news. ConocoPhillips trades under $COP and Marathon Oil under $MRO.
View original story
Similar markets
Increase over 10% • 33%
Increase 5-10% • 33%
Less than 5% increase or decrease • 34%
Increase over 20% • 33%
Increase 10-20% • 33%
Increase less than 10% • 34%
Significant profit increase • 25%
Moderate profit increase • 25%
Minimal change in profits • 25%
Decrease in profits • 25%
