ConocoPhillips acquires Marathon Oil in all-stock merger; 0.255 COP shares per MRO share

CONOCOPHILLIPS

Each Marathon share to be exchanged for 0.255 ConocoPhillips shares in all-stock merger.
Marathon must pay $557M termination fee for superior proposal; $86M if shareholders reject.
Closing expected by May 28, 2025, subject to HSR, other regulatory approvals, and Marathon vote.
ConocoPhillips to file Form S-4; Marathon stockholders must approve the deal.

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