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Today: March 31, 2025
Today: March 31, 2025

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

FILE PHOTO: A Marathon Oil well site is seen in the Eagle Ford Shale oil field in south Texas
August 29, 2024
Reuters - Reuters

HOUSTON (Reuters) - Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips, 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.

(Reporting by Arathy Somasekhar in Houston)

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