Marathon Oil Mergers and Acquisitions Summary

Oil/gas ExplorationCompany

Marathon Oil has acquired 10 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 4 assets.

Marathon Oil’s largest acquisition to date was in 2007, when it acquired Marathon Oil Canada for $6.2B. It’s largest disclosed sale occurred in 2019, when it sold Marathon Oil - U.K. Business to RockRose Energy for $140M. Marathon Oil has acquired in 5 different US states, and 3 countries. The Company’s most targeted sectors include oil/gas exploration (100%).

Join Mergr and gain access to Marathon Oil’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the oil/gas exploration sector.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity10
    • M&A Sell Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 6
  • M&A Advisors 4

Marathon Oil

Marathon Oil Corp.

5555 San Felipe Street,
Houston, Texas 77056
United States,
(713) 629-6600
www.marathonoil.com

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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.0/yr) # 10 - - - - - 10
vol $10.9B $10.9B
Sell (0.2/yr) # 3 - - 1 - - 4
vol $100M $140M $240M
  14

Most Recent M&A

Company Date Value Type
Marathon Oil Corp. - U.K. Business 2019-02-25 140M USD Divestiture
Aberdeen, United Kingdom
PayRock Energy LLC 2016-06-20 888M USD Add-on Acquisition
Oklahoma City, Oklahoma · www.payrockenergy.com
Marathon Oil - Williston Basin Properties 2014-05-01 100M USD Divestiture
, United States
Paloma Partners II LLC 2012-05-09 750M USD Divestiture
Houston, Texas
Marathon Petroleum Corp. 2011-07-01 - Spin Off
Findlay, Ohio · www.marathonpetroleum.com
Marathon Oil Canada Corp. 2007-07-31 6.2B USD Add-on Acquisition
Calgary, Canada · www.westernoilsands.com
Marathon Ashland Petroleum LLC 2004-06-30 - Stake Purchase
Finland, Ohio
Khanty Mansiysk Oil Corp. 2004-05-13 280M USD Add-on Acquisition
New York, New York
Globex Energy, Inc. 2002-07-08 155M USD Add-on Acquisition
Houston, Texas
CMS Energy Corp. - Equatorial Guinea Assets 2002-01-03 993M USD Divestiture
, Equatorial Guinea
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 10 (100%) 10.9B (100%) 2 (50%) 240M (100%)
Energy Services and Equipment - - 2 (50%) -
Total 10 $10.9B 4 $240M

By Geo

State/Country Buy Value Sell Value
United States 7 2.6B 3 100M
  Ohio 2 - 1 -
  Texas 2 905M - -
  New York 1 280M - -
  Colorado 1 500M - -
  Oklahoma 1 888M - -
  Pennsylvania - - 1 -
Canada 2 7.3B - -
  Alberta 1 1.1B - -
Equatorial Guinea 1 993M - -
United Kingdom - - 1 140M
Domestic 7 (70%) 2.6B (24%) 3 (75%) 100M (42%)
Cross-border 3 (30%) 8.3B (76%) 1 (25%) 140M (58%)
Total 10 $10.9B 4 $240M

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Deutsche Bank Corporate & Investment Banking
1
Legal Deals
Bennett Jones LLP
1
Baker Botts LLP
1

Deal Values

buy # Total
> $1B 2 $7.3B
$100M to $1B 6 $3.6B
TOTAL $10.9B
Largest Marathon Oil Canada Corp.
$6.2B (2007-07-31)
sell # Total
$100M to $1B 1 $140M
< $100M 1 $100M
TOTAL $240M
Largest Marathon Oil Corp. - U.K. Business
$140M (2019-02-25)

M&A Connections

Deals
Acquired from
Investor(s)
20%
2 (20%)
Strategic(s)
10%
1 (10%)
Divested to
Strategic(s)
75%
3 (75%)

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