Reuters

Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal

By Reuters,

3 hours ago

https://img.particlenews.com/image.php?url=2w6Jt4_0vE8adzo00

HOUSTON (Reuters) - Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips, the company said.

Marathon Oil and ConocoPhillips expect the purchase, which is undergoing a Federal Trade Commission review, to close late in the fourth quarter of 2024. Details of the vote were not immediately available.

(Reporting by Arathy Somasekhar in Houston)

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