M&A Deal Summary |
|
|---|---|
| Date | 2024-05-29 |
| Target | Marathon Oil |
| Sector | Oil/Gas Exploration |
| Buyer(s) | ConocoPhillips |
| Deal Type | Add-on Acquisition |
| Deal Value | 22.5B USD |
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| Category | Company |
|---|---|
| Founded | 1917 |
| Sector | Oil/Gas Exploration |
| Employees | 9,500 |
| Revenue | 56.1B USD (2023) |
ConocoPhillips is an integrated energy company with operations and activities across the world. The Company's key focus areas include operating producing assets, executing major developments and exploring for new resources in promising areas. ConocoPhillips' portfolio includes resource-rich North American shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and a growing inventory of global conventional and unconventional exploration prospects. ConocoPhillips was incorporated in 1917 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 8 |
| Sector (Oil/Gas Exploration) | 5 of 5 |
| Type (Add-on Acquisition) | 5 of 5 |
| State (Texas) | 6 of 6 |
| Country (United States) | 7 of 7 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-28 |
ConocoPhillips - Permian Basin
Houston, Texas, United States ConocoPhillips's Permian Basin produces over 11,000 boepd (50% oil) from the Central Basin Platform and Northwest Shelf. |
Sell | $440M |
