ConocoPhillips' Marathon Oil Takeover: Is it Unlocking Superior Value?

Key Takeaways ConocoPhillips completed its Marathon Oil acquisition, boosting its low-cost oil and gas portfolio.COP now expects over $1B in annual savings from the deal, up from its original $500M estimate.The takeover added more valuable resources than anticipated, especially in the prolific Permian basin.ConocoPhillips (COP) finalized its acquisition of Marathon Oil Corporation late last year. The acquisition added more premium oil and natural gas resources to its portfolio, where the production costs ar ...