COP Jan 2026 95.000 put
- Yahoo Finance
ConocoPhillips's $22.5 billion deal for Marathon Oil highlights energy M&A wave
US energy consolidation continues with the announcement that ConocoPhillips will buy Marathon Oil for $22.5 billion.
- Yahoo Finance Video
Energy: Shareholders approve Hess sale, Conoco to buy Marathon
The energy sector is witnessing several high-stakes deals, with two major transactions reaching their final stages. Shareholders of Hess (HES) have voted to approve the company's $53 billion sale to Chevron (CVX). ConocoPhillips (COP) is also poised to acquire Marathon Oil (MRO) in a $17.1 billion all-stock deal. Yahoo Finance's Ines Ferré breaks down the details of each acquisition within the sector. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Zacks
Big Oil Consolidation: Chevron Acquiring Hess - ConocoPhillips Acquiring Marathon Oil
Consolidation among the oil and energy sector continues as Chevron (CVX) will be acquiring Hess (HES) in a deal valued at $53 billion while ConocoPhillips (COP) is set to acquire Marathon Oil (MRO) for $22.5 billion when including debt.
