The Business Times

ConocoPhillips

Energy & Commodities

US oil companies say they need guarantees to invest in Venezuela: FT

US OIL companies want “serious guarantees” from Washington before they make large investments in Venezuela, as President Donald Trump urges them to back his bid to reshape energy markets, the Financia...

After a string of acquisitions in recent years, including Marathon Oil for US$22.5 billion last year, ConocoPhillips lost focus on controlling costs, CEO Ryan Lance told employees last week.
Energy & Commodities

ConocoPhillips’ deep layoffs highlight need for capital discipline, analysts say

[HOUSTON] ConocoPhillips must sharpen its focus on capital discipline and investment priorities in order to regain its competitiveness against peers as oil prices and revenues fall, investors and anal...

The transaction, which includes US$5.4 billion of Marathon’s debt, is expected to close in the fourth quarter of 2024.
Energy & Commodities

ConocoPhillips to buy Marathon Oil for US$22.5 billion in latest energy merger

The US oil and gas industry has been riding a consolidation wave over the last two years

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