ConocoPhillips and Marathon Oil Merge in $22.5 Billion Deal, Extending Industry Consolidation ConocoPhillips has agreed to acquire Marathon Oil for $22.5 billion, continuing a trend of major mergers in the oil and gas sector aimed at strengthening reserves. This follows a highly active year in the industry, with $250 billion in mergers and acquisitions in 2023, driven by a booming stock market and record U.S. oil production. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Daly: Cooling Inflation May Warrant One or Two Rate Cuts in 2024 READ MORE HSBC Predicts High Commodity Prices in 2024, Decline Expected in 2025 READ MORE Japan Raises Interest Rates for First Time in 17 Years READ MORE US Home Prices Climb in May as Supply Remains Tight, Despite High Rates READ MORE Economic Indicators and Political Shifts Propel Gold Above $2,425 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment