---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-122113"
form_type: "8-K"
ticker: null
cik: "0000101778"
company_name: "MARATHON OIL CORP"
filed_at: "2024-11-22T23:59:59+00:00"
generated_at: "2026-05-29T19:28:21.038177+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ConocoPhillips completes Marathon Oil acquisition; Marathon delisted from NYSE

## Summary
- Marathon shareholders receive 0.2550 ConocoPhillips shares per Marathon share in merger.
- Marathon becomes wholly-owned subsidiary of ConocoPhillips; all directors and officers depart.
- Outstanding credit agreement and commercial paper program terminated; all obligations paid.
- ConocoPhillips guarantees $1B in Marathon municipal bonds; will assume obligations by July 2026.
- Marathon requests delisting from NYSE and deregistration under Exchange Act.

## SEC filing metadata
- accession: 0001104659-24-122113
- form_type: 8-K
- cik: 0000101778
- company_name: MARATHON OIL CORP
- filed_at: 2024-11-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.03, 5.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101778/000110465924122113/0001104659-24-122113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101778/000110465924122113/tm2428994d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-122113
- JSON: https://secwatch.observer/filing/0001104659-24-122113.json
- Plain text: https://secwatch.observer/filing/0001104659-24-122113.txt

## Key facts
- M&A Transactions
  MARATHON OIL CORP underwent a change of control involving ConocoPhillips for 0.2550 shares of common stock of ConocoPhillips and cash in lieu of fractional shares (closed 2024-11-22).
  - Action: change of control
  - Counterparty: ConocoPhillips
  - Consideration: 0.2550 shares of common stock of ConocoPhillips and cash in lieu of fractional shares
  - Closing: 2024-11-22
  source text: of the Merger (the “Effective Time”) (other than certain Excluded Shares and Converted Shares (each as defined in the Merger Agreement)) was converted into the right to receive 0.2550 (the “Exchange Ratio”) shares of common stock of ConocoPhillips and cash in lieu of fractional shares, as applicable (the “Merger Consideration”). Additionally, as a result of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/101778/000110465924122113/0001104659-24-122113-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.