Business
ConocoPhillips agreed to buy Marathon Oil in a deal they valued at $22.5bn, making it the latest energy mega-merger in America. Oil and gas companies are consolidating in order to cut costs and boost their footprints. Marathon owns assets in Eagle Ford in Texas, Bakken in North Dakota, Permian in New Mexico and Texas, and in Oklahoma.
This article appeared in the The world this week section of the print edition under the headline “Business”
From the June 1st 2024 edition
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