COP · News · 20260923N
Acquisition / Partnership / Divestiture
CONOCOPHILLIPS · 2026-09-23 · Importance 71 · Surprise 60 · In source text
ConocoPhillips acquired Marathon Oil in November 2024 in a transaction valued at USD 22.5 billion. The acquisition was announced in May 2024 and completed six months later. Marathon Oil’s assets and corporate identity have been integrated into ConocoPhillips, ending its status as a standalone listed company by September 23, 2026.
Key facts
- Marathon Oil became part of ConocoPhillips in November 2024 through a USD 22.5 billion acquisition. source
- As of September 23, 2026, Marathon Oil is no longer a standalone listed company, with its assets and corporate identity now integrated into ConocoPhillips. source
- The Marathon Oil transaction was announced in May 2024 and concluded six months later. source
- ConocoPhillips stock dropped 1.7 percent to USD 126.50 on September 22, 2026. source
- ConocoPhillips stock increased by 2.57 percent, closing at USD 128.49 on the NYSE on September 23, 2026. source
- ConocoPhillips has a P/E ratio of 16.3x. source
- ConocoPhillips was listed among the stronger energy stocks for the session on September 23, 2026. source
- ConocoPhillips trades at a discount according to the Fair Ratio benchmark. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +18.1% | Marathon Oil became part of ConocoPhillips in November 2024 through a USD 22.5 billion acquisition. |