ConocoPhillips and Marathon receive FTC Second Request; expect Q4 2024 close

CONOCOPHILLIPS

FTC issued Second Request for additional info on July 11, 2024, extending HSR waiting period.
Waiting period extended until 30 days after each company substantially complies with Second Request.
ConocoPhillips and Marathon continue to work constructively with FTC on merger review.
Merger expected to close in Q4 2024, subject to HSR clearance and other closing conditions.
Closing also requires Marathon stockholder approval and satisfaction of other conditions in Merger Agreement.

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