ConocoPhillips completes acquisition of Marathon Oil Corporation
22 Novembro 2024 - 11:00AM
Business Wire
ConocoPhillips (NYSE: COP) today announced that it has completed
its acquisition of Marathon Oil Corporation (NYSE: MRO).
“This acquisition of Marathon Oil is a perfect fit for
ConocoPhillips, adding to our deep, durable and diverse portfolio
while meeting our strict financial framework,” said Ryan Lance,
chairman and chief executive officer. “Marathon Oil adds
high-quality, low cost of supply inventory adjacent to our leading
U.S. unconventional position. We have a strong history of
seamlessly integrating assets and we expect to deliver synergies of
over $1 billion on a run rate basis in the next 12 months.”
In accordance with the terms of the merger agreement, each share
of Marathon Oil common stock was converted into the right to
receive 0.255 shares of ConocoPhillips common stock at the
effective time of the merger, with cash in lieu of fractional
shares.
--- # # # ---
About ConocoPhillips
ConocoPhillips is one of the world’s leading exploration and
production companies based on both production and reserves, with a
globally diversified asset portfolio. Headquartered in Houston,
Texas, ConocoPhillips had operations and activities in 13
countries, $97 billion of total assets, and approximately 10,300
employees at Sept. 30, 2024. Production averaged 1,921 MBOED for
the nine months ended Sept. 30, 2024, and proved reserves were 6.8
BBOE as of Dec. 31, 2023.
For more information, go to
www.conocophillips.com.
CAUTIONARY STATEMENT FOR THE PURPOSES
OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements as defined
under the federal securities laws. Forward-looking statements
relate to future events, plans and anticipated results of
operations, business strategies, and other aspects of our
operations or operating results. Words and phrases such as
“ambition,” “anticipate,” “believe,” “budget,” “continue,” “could,”
“effort,” “estimate,” “expect,” “forecast,” “goal,” “guidance,”
“intend,” “may,” “objective,” “outlook,” “plan,” “potential,”
“predict,” “projection,” “seek,” “should,” “target,” “will,”
“would,” and other similar words can be used to identify
forward-looking statements. However, the absence of these words
does not mean that the statements are not forward-looking. Where,
in any forward-looking statement, the company expresses an
expectation or belief as to future results, such expectation or
belief is expressed in good faith and believed to be reasonable at
the time such forward-looking statement is made. However, these
statements are not guarantees of future performance and involve
certain risks, uncertainties and other factors beyond our control.
Therefore, actual outcomes and results may differ materially from
what is expressed or forecast in the forward-looking statements.
Factors that could cause actual results or events to differ
materially from what is presented include changes in commodity
prices, including a prolonged decline in these prices relative to
historical or future expected levels; global and regional changes
in the demand, supply, prices, differentials or other market
conditions affecting oil and gas, including changes resulting from
any ongoing military conflict, including the conflicts in Ukraine
and the Middle East, and the global response to such conflict,
security threats on facilities and infrastructure, or from a public
health crisis or from the imposition or lifting of crude oil
production quotas or other actions that might be imposed by OPEC
and other producing countries and the resulting company or
third-party actions in response to such changes; insufficient
liquidity or other factors, such as those listed herein, that could
impact our ability to repurchase shares and declare and pay
dividends such that we suspend our share repurchase program and
reduce, suspend, or totally eliminate dividend payments in the
future, whether variable or fixed; changes in expected levels of
oil and gas reserves or production; potential failures or delays in
achieving expected reserve or production levels from existing and
future oil and gas developments, including due to operating
hazards, drilling risks or unsuccessful exploratory activities;
unexpected cost increases, inflationary pressures or technical
difficulties in constructing, maintaining or modifying company
facilities; legislative and regulatory initiatives addressing
global climate change or other environmental concerns; public
health crises, including pandemics (such as COVID-19) and epidemics
and any impacts or related company or government policies or
actions; investment in and development of competing or alternative
energy sources; potential failures or delays in delivering on our
current or future low-carbon strategy, including our inability to
develop new technologies; disruptions or interruptions impacting
the transportation for our oil and gas production; international
monetary conditions and exchange rate fluctuations; changes in
international trade relationships or governmental policies,
including the imposition of price caps, or the imposition of trade
restrictions or tariffs on any materials or products (such as
aluminum and steel) used in the operation of our business,
including any sanctions imposed as a result of any ongoing military
conflict, including the conflicts in Ukraine and the Middle East;
our ability to collect payments when due, including our ability to
collect payments from the government of Venezuela or PDVSA; our
ability to complete any announced or any future dispositions or
acquisitions on time, if at all; the possibility that regulatory
approvals for any announced or any future dispositions or
acquisitions will not be received on a timely basis, if at all, or
that such approvals may require modification to the terms of the
transactions or our remaining business; business disruptions
relating to the acquisition of Marathon Oil Corporation (“Marathon
Oil”) or following any other announced or other future dispositions
or acquisitions, including the diversion of management time and
attention; the ability to deploy net proceeds from our announced or
any future dispositions in the manner and timeframe we anticipate,
if at all; our ability to successfully integrate Marathon Oil’s
business and technologies, which may result in the combined company
not operating as effectively and efficiently as expected; our
ability to achieve the expected benefits and synergies from the
Marathon Oil acquisition in a timely manner, or at all; potential
liability for remedial actions under existing or future
environmental regulations; potential liability resulting from
pending or future litigation, including litigation related directly
or indirectly to pending or completed transactions; the impact of
competition and consolidation in the oil and gas industry; limited
access to capital or insurance or significantly higher cost of
capital or insurance related to illiquidity or uncertainty in the
domestic or international financial markets or investor sentiment;
general domestic and international economic and political
conditions or developments, including as a result of any ongoing
military conflict, including the conflicts in Ukraine and the
Middle East; changes in fiscal regime or tax, environmental and
other laws applicable to our business; and disruptions resulting
from accidents, extraordinary weather events, civil unrest,
political events, war, terrorism, cybersecurity threats or
information technology failures, constraints or disruptions; and
other economic, business, competitive and/or regulatory factors
affecting our business generally as set forth in our filings with
the Securities and Exchange Commission. Unless legally required,
ConocoPhillips expressly disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241121025978/en/
Dennis Nuss (media) 281-293-1149
dennis.nuss@conocophillips.com
Investor Relations 281-293-5000
investor.relations@conocophillips.com
ConocoPhillips (NYSE:COP)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
ConocoPhillips (NYSE:COP)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024