Commodities and Futures News

Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal

08/29/2024

Less than a minute

2024.08.29 11:11

© Reuters. FILE PHOTO: A general view shows Marathon Petroleum's oil refinery in Anacortes, Washington, U.S., March 9, 2022. REUTERS/David Ryder/File Photo

HOUSTON (Reuters) – Marathon Oil (NYSE:) shareholders on Thursday approved the U.S. oil producer’s nearly $16 billion acquisition by ConocoPhillips (NYSE:), the company said.

Marathon Oil and ConocoPhillips expect the purchase, which is undergoing a Federal Trade Commission review, to close late in the fourth quarter of 2024. Details of the vote were not immediately available.

08/29/2024

Less than a minute

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