ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update

Oil and Gas 360


Download .PDF

  • Acquisition of Marathon Oil Corporation is expected to be immediately accretive to earnings, cash flows and return of capital per share.
  • ConocoPhillips expects to achieve at least $500 million of run

The post ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update appeared first on Oil & Gas 360.

SilverBow Resources shareholders re-elect all SilverBow director nominees at 2024 annual meeting of shareholders

Oil and Gas 360


05/29/2024

The post SilverBow Resources shareholders re-elect all SilverBow director nominees at 2024 annual meeting of shareholders appeared first on Oil & Gas 360.

Pioneer’s Scott Sheffield fires back at FTC allegations following $60 billion ExxonMobil deal

World Oil


(Bloomberg) – Former Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield says federal regulators mischaracterized facts and wrongly vilified him in saying he tried to collude with OPEC to prop up crude prices, Fig. 1.

Sheffield, a …

The post Pioneer’s Scott Sheffield fires back at FTC allegations following $60 billion ExxonMobil deal appeared first on Oil & Gas 360.

ReconAfrica eyes June 2024 drilling date for highly-anticipated exploration well onshore Namibia

World Oil


Publisher’s Note: ReconAfrica will be presenting at EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Register to attend.

(WO) – In a recent operations update, Reconnaissance Energy Africa Ltd. (ReconAfrica) announced that it’s eyeing a …

The post ReconAfrica eyes June 2024 drilling date for highly-anticipated exploration well onshore Namibia appeared first on Oil & Gas 360.

Climate activist investor Arjuna Capital withdraws ExxonMobil shareholder proposal with promises to “back off”

World Oil


(Bloomberg) – The Exxon Mobil Corp. investor that the oil giant is suing for its climate-related shareholder proposal is promising not to file similar motions in the future in a bid to get the legal action dropped.

While …

The post Climate activist investor Arjuna Capital withdraws ExxonMobil shareholder proposal with promises to “back off” appeared first on Oil & Gas 360.