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US energy giant Conoco Phillips buys Marathon Oil in £17 7bn deal

The acquisition will enable Conoco Phillips to strengthen its position in shale oil and gas-rich US regions such as the Bakken Basin.

BUSINESS LIVE: Dr Martens US sales slump; Nightcap abandons Revolution Bars bid; Auto Trader profits soar

Mega mergers in US oil industry continue with latest $17bn deal

Mega mergers in US oil industry continue with latest $17bn deal
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ConocoPhillips To Buy Marathon For $22 5 Bn In Latest Big Oil Deal

ConocoPhillips To Buy Marathon For $22 5 Bn In Latest Big Oil Deal
ibtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com Daily Mail and Mail on Sunday newspapers.

ConocoPhillips Announces Takeover Of Marathon Oil For $22 5 Bn

US energy giant ConocoPhillips announced Wednesday that it will acquire competitor Marathon Oil in an all-stock transaction valued at $22.5 billion, including $5.4 billion in debt. The deal, the latest in a series of major acquisitions in the US oil sector, will enable ConocoPhillip ..

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