ConocoPhillips
COP-
Marathon Oil jumped 8.3% to $28.64 after the company agreed to be acquired by ConocoPhillips for $17.1 billion and assume $5.4 billion in debt.
Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock, representing a 14.7% premium to the closing share price of Marathon Oil on May 28, 2024, and a 16.0% premium to the prior 10-day volume-weighted average price.
The deal is expected to be immediately attractive to ConocoPhillips shareholders.
After the transaction, the third-largest U.S. oil company plans to increase its dividend by 34% to 78 cents per share starting in the fourth quarter of 2024.
Upon closing of the transaction, ConocoPhillips expects share buybacks to be over $20 billion in the first three years, with over $7 billion in the first full year, at recent commodity prices.
The oil industry has experienced a wave of transactions in recent months. Exxon Mobil agreed to acquire Pioneer Natural Resources for $60 billion, and Hess' shareholders approved the merger of the company with Chevron.
May 29, 2024 -
Qatar signed a 15-year contract to deliver 2 million tons a year of LNG to Germany through ConocoPhillips beginning '26, supplying 3% of Germany's needs.
Dec 3, 2022
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| Trading Volume | 126,259 |
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133.84 - 104.56 |
| Market Cap Full | $ 135.9B |
Quarterly +
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Q1 | 1.9% | 9.6% | -15.9% | 38.1% |
| Q2 | - | -11.4% | 4.4% | -10.2% |
| Q3 | - | 2.8% | 15.7% | 13.5% |
| Q4 | - | -11.8% | -0.9% | 15.7% |
Monthly +
| J | F | M | A | M | J | J | A | S | O | N | D |
| 2025 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.9 | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | |||||||||||
| -3.6 | 0.5 | 13.2 | 1.6 | -9.9 | -2.2 | -2.4 | 2.8 | - | - | - | -8.5 |
| 2023 | |||||||||||
| 3.3 | -15.2 | -4 | 3.7 | -3.4 | 4.2 | 13.6 | 1.1 | 0.7 | -0.9 | -2.7 | 0.4 |
| 2022 | |||||||||||
| 22.4 | 7 | 5.4 | -4.5 | 19.1 | -21.1 | 8.5 | 11.9 | -6.5 | 23.2 | -1.7 | -4.5 |
| 2021 | |||||||||||
| -0.1 | 30.1 | 1.8 | -3.5 | 9 | 9.3 | -8 | -1 | 23.8 | 8.4 | -5.2 | 2.5 |
| 2020 | |||||||||||
| -7.9 | -20.6 | -35 | 36.7 | 0.2 | -0.4 | -11 | 1.3 | -13.3 | -14 | 40.1 | 1.3 |
EPS
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Q1 | 2.4 | 4.4 | 0.8 | -1.6 |
| Q2 | 1.8 | 4 | 1.6 | 0.2 |
| Q3 | 2.3 | 3.6 | 1.8 | -0.4 |
| Q4 | 0 | 2.7 | 2 | -0.7 |
| A | 6.54 | 14.6 | 6.1 | -2.5 |