M&A Deal Summary

Marathon Oil Acquires Marathon Oil Canada

On July 31, 2007, Marathon Oil acquired oil/gas exploration company Marathon Oil Canada for 6.2B USD

Acquisition Highlights
  • This is Marathon Oil’s 8th transaction in the Oil/Gas Exploration sector.
  • This is Marathon Oil’s largest (disclosed) transaction.
  • This is Marathon Oil’s 2nd transaction in Canada.

M&A Deal Summary
Date 2007-07-31
Target Marathon Oil Canada
Sector Oil/Gas Exploration
Buyer(s) Marathon Oil
Deal Type Add-on Acquisition
Deal Value 6.2B USD

Target

Marathon Oil Canada

Calgary, Canada
website
Western Oil Sands Inc. is a Canadian corporation listed on the Toronto Stock Exchange under the symbol WTO. Our vision is to create shareholder value through the opportunity capture and development of large, world-class hydrocarbon resources. Our primary asset is our 20 per cent undivided interest in the Athabasca Oil Sands Project. Western is also pursuing initiatives related to in-situ and technology development as well as downstream opportunities.

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Buyer(S) 1

Buyer

Marathon Oil

Houston, Texas, United States

website

Category Company
Founded 1886
Sector Oil/Gas Exploration
Employees1,570
Revenue 7.5B USD (2022)
DESCRIPTION
Marathon Oil's corporate headquarters in Houston, Texas.
Marathon Oil's corporate headquarters in Houston, Texas.

Marathon Oil is an international exploration and production company. Marathon has net proved reserves of more then 2 billion barrels of oil equivalent across North America, Europe and Africa. Marathon Oil was formed in 1887 and is based in Houston, Texas.

DEAL STATS #
Overall 8 of 11
Sector (Oil/Gas Exploration) 8 of 11
Type (Add-on Acquisition) 4 of 6
Country (Canada) 2 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-30 Marathon Ashland Petroleum

Finland, Ohio, United States

Based in Findlay, Ohio, Marathon Ashland Petroleum LLC (MAP), owned 62 percent by Marathon Oil Company -- a part of USX-Marathon Group (NYSE: MRO) -- and 38 percent by Ashland Inc. (NYSE: ASH), is the nation's fifth largest refiner with nearly 1,000,000 barrels-per-day of refining capacity.The company's operations stretch across 23 states with refining, transportation, and marketing systems positioned to respond to market changes and challenges.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Marathon Petroleum

Findlay, Ohio, United States

Marathon Petroleum engages in refining, transporting, and marketing petroleum products primarily in the United States. Marathon Petroleum was founded in 1887 and is based in Findlay, Ohio.

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