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ConocoPhillips in advanced talks to buy Marathon Oil, FT reports

By Thomson Reuters May 29, 2024 | 1:20 AM

(Reuters) – ConocoPhillips is in advanced talks to buy Marathon Oil in an all-stock deal that could value the Houston-based company at a little over its $15 billion market value, the Financial Times reported on Wednesday, citing people briefed on the matter.

(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Savio D’Souza)