Accounting and Finance, Exploration/Production, Strategy and Policy

ConocoPhillips Still Sees Marathon Oil Merger Closing Q4 despite FTC Probe

Jim Vess
July 16, 2024
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ConocoPhillips Still Sees Marathon Oil Merger Closing Q4 despite FTC Probe

July 15, 2024

ConocoPhillips has maintained that its $22.5 billion acquisition of Marathon Oil Corp. can be completed by the fourth quarter (Q4) despite facing an extended anti-trust review by the United States competition regulator.

The Federal Trade Commission (FTC) issued a so-called “second request” to each of the Houston, Texas-based oil and gas exploration and production companies asking for further transaction details, Marathon Oil and ConocoPhillips said in separate regulatory filings.

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