The deal is valued at $22.5 billion when including $5.4 billion in debt.FOX 26 Houston is now on the FOX LOCAL app available through Apple TV, Amazon FireTV, Roku, Google Android TV, and Vizio!Crude prices have jumped more than 12% this year and the cost for a barrel rose above $80 this week.As part of the transaction, Marathon Oil shareholders will receive 0.
2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock that they own, the companies said Wednesday.SUGGESTED: T-Mobile to acquire most of US Cellular's assets in $4.4B dealConocoPhillips said Wednesday that the transaction will add highly complementary acreage to its existing U.S. onshore portfolio.The deal is expected to close in the fourth quarter. It still needs approval from Marathon Oil stockholders.
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