ConocoPhillips in its $22.5 billion all-stock acquisition of Marathon Oil

On May 29, 2024, ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) announced that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction valued at approximately $22.5 billion, inclusive of net debt.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to ConocoPhillips.