ConocoPhillips Bolsters U.S. Shale Assets With $22.5 Billion Acquisition Of Marathon Oil

A view of a Marathon gas station in Baltimore, Maryland on May 29, 2024. US energy giant ... [+] ConocoPhillips announced on May 29 that it will acquire competitor Marathon Oil in an all-stock transaction valued at $22.5 billion, including$5.4 billion in debt, a major expansion despite pressure to move away from fossil fuels. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)AFP via Getty ImagesConocoPhillips ConocoPhillips announced plans to acquire Marathon Oil Marathon Oil Corporatio ...