The U.S. Federal Trade Commission seeks more information on the proposed $22.5 billion ConocoPhillips-Marathon Oil merger, with implications for the energy industry and regulatory scrutiny.
The U.S. Federal Trade Commission FTC has sent a second request for additional information to ConocoPhillips and Marathon Oil while reviewing their proposed $22.5 billion merger, ConocoPhillips said on Friday. On July 11, 2024, ConocoPhillips and Marathon each received a request for additional information and documentary materials from the FTC in connection with the FTC’s review of the merger announced in May.
4 billion of net debt, in one of the latest transactions announced in the U.S. oil and gas industry. In the case of ConocoPhillips, the company “is leveraging its premium market valuation, which it shares with the majors, to strike a deal that will immediately boost its free cash flow profile and enhance its capital return program for investors,” said Andrew Dittmar, a Director on the Enverus Intelligence team.
Marathon Oil Merger Energy Industry U.S. Federal Trade Commission Regulatory Approval Eagle Ford Oil And Gas Market Capitalization Investor Returns
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil Trading Giants Are Buying Big Oil's RefineriesOil trading companies are using their recent profits to buy refineries being divested by major oil and gas producers.
Read more »
Iran Oil Minister Denies Claims of 'Massive Discounts' on OilIran's oil minister has hit back at allegations made by two presidential candidates that the government has been selling oil at a massive discount.
Read more »
Oil Prices Hold Up Against Falling U.S. Crude Oil InventoriesCrude oil inventories in the United States rose this week by 2.264 million barrels for the week ending June 14, according to The American Petroleum Institute
Read more »
Lawrence Cherono: Kenyan marathon runner given seven-year ban for dopingKenyan marathon runner Lawrence Cherono is given a seven-year ban for breaching anti-doping rules.
Read more »
Yorkshire woman marks ten years since breast cancer diagnosis with fundraising marathon in IcelandEmma Ackroyd was diagnosed with breast cancer in 2014, the age of just 35. To mark a decade since her diagnosis, she recently completed The MoonWalk Iceland, walking 26.2 miles overnight in the Lake Myvatn region, wearing a decorated bra.
Read more »
Only 100 days until Robin Hood Half Marathon returns to NottinghamMore than 10,000 people are expected to take part in this year's event
Read more »