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Wow. News. ⚡️Acquisition of Marathon Oil Corporation is expected to be immediately accretive to earnings, cash flows and return of capital per share. ⚡️- ConocoPhillips expects to achieve at least $500 million of run rate cost and capital savings within the first full year following the closing of the transaction. ⚡️ Independent of the transaction, ConocoPhillips expects to increase its ordinary base dividend by 34% to 78 cents per share starting in the fourth quarter of 2024. ⚡️Upon closing of the transaction, ConocoPhillips expects share buybacks to be over $20 billion in the first three years, with over $7 billion in the first full year, at recent commodity prices.

Here's what this could mean for the industry: Increased demand for talent: As ConocoPhillips integrates Marathon's operations, they may need to fill new roles across various disciplines. Focus on operational efficiency: Mergers often lead to a focus on streamlining operations. This could create opportunities for specialists in areas like cost optimization and process improvement. Shifting talent landscape: The combined entity might lead to adjustments in workforce needs and locations. Are you a skilled professional in the oil & gas sector? Strategic Contract Resources can help you connect with exciting opportunities at top companies like these. DM me today to discuss your career goals! #oilandgasjobs #conocophillips #marathon #staffing #energy #careers #hiring

Huge news to come back to! More and more mergers on the horizon, more and more companies needing to consider climate liability as operations, and emissions, are inherited. #manda #merger #oilnews #emissions

🛢️ ConocoPhillips to acquire Marathon Oil Corporation 🛢️ Another merger in the Energy sector, this one worth a cool $22.5 billion and including assets across the USA from North Dakota down through Texas. Rising oil prices and profits are driving some of the largest players to expand further through takeovers, including ExxonMobil with Pioneer and Chevron with Hess 📈 💡 Will be interesting to see whether we will see the same Downstream... #oilandgas #energy #aquisition

More Megadeals in the Oil Industry going on. Read about it in this repost.

Strategic move to widen the overall energy footprint.

ConocoPhillips Makes Mega-Move: $22.5 Billion Marathon Oil Acquisition The energy sector is witnessing a mega-merger as ConocoPhillips has agreed to acquire Marathon Oil for a staggering USD$22.5 billion, creating a North American energy giant with a robust presence across the continent. This move signifies industry consolidation and has the potential to impact global oil production and exploration activities. Key Points: ✅ Mega-Merger: ConocoPhillips will acquire Marathon Oil in an all-stock transaction valued at USD$22.5 billion, creating a larger and more diversified energy player. ✅ North American Domination: The combined company will boast a strong presence across major shale plays in the United States and Canada, positioning them for increased production and market share ✅ Global Impact: This consolidation could have implications for global oil production and potentially influence exploration strategies in other regions. ✅ Cost Savings & Efficiencies: The merger is expected to generate significant cost savings and operational efficiencies for the combined company. Food for Thought: Will this consolidation increase efficiency and innovation, or will it limit competition and hinder progress toward cleaner energy sources? How will this consolidation impact the global oil market and exploration activities in other regions? What are your thoughts on this consolidation? #Energy #OilAndGas #Merger #ConocoPhillips #MarathonOil #NorthAmerica #ShaleOil #EnergySecurity #Investment #Sustainability

Another day, another mega-deal between top-tier oil and gas producers — or so it seems. Now, it’s ConocoPhillips and Marathon Oil’s turn, and you’d be hard-pressed to find a more logical pairing among the ever-shrinking list of big E&Ps that hadn’t already found a partner during the ongoing frenzy to consolidate. In today’s blog, we examine ConocoPhillips’s newly announced, $22.5 billion agreement to acquire Marathon Oil and discuss why they’re such a good fit. https://lnkd.in/gUAF-9pG

ConocoPhillips is acquiring Marathon Oil in an all-stock deal valued at $17.1 billion, or $22.5 billion, including debt. This move adds valuable U.S. onshore acreage to ConocoPhillips' portfolio amid rising energy prices. 🌟💼 📝 Highlights: Deal Value: $22.5B, including debt. Energy Market: Crude prices above $80/barrel. Strategic Expansion: Adds desirable U.S. onshore acreage. As a C-store broker, I update you on significant industry mergers and market trends. 📊 #energysector #oilindustry #conocophillips #MarathonOil #BusinessNews Stay tuned for more insights on major industry moves! 🌟🏪

ConocoPhillips' solid Q1 performance and strategic merger with Marathon Oil aim to enhance its production capacity and financial stability. However, the benefits of increased size and production must be balanced against the risks of higher operational costs and volatile oil prices. The market reaction and long-term impact on shareholder value remain to be seen. https://lnkd.in/gyuCRQhy