Who is ConocoPhillips' financial advisor?

Evercore is serving as ConocoPhillips’ financial advisor and Wachtell, Lipton, Rosen & Katz is serving as ConocoPhillips’ legal advisor for the transaction. Morgan Stanley & Co. LLC is serving as Marathon Oil’s financial advisor and Kirkland & Ellis LLP is serving as Marathon Oil’s legal advisor for the transaction. --- # # # ---

Is Conoco a good stock to buy?

While prices are about a third lower than the peaks that prevailed in 2022 after Russia invaded Ukraine, they are high enough to allow Western oil companies to make robust profits and buy other producers. Conoco’s share price has nearly tripled in value over the past four years. The company’s stock fell about 3 percent on Wednesday.

Will Conoco buy Marathon energy?

The company said that the purchase of Marathon would add over two billion barrels to its portfolio, with an average cost of less than $30 per barrel to supply. Conoco was in the running to buy Endeavor Energy Resources earlier this year, but lost out to Diamondback Energy, which announced an agreement in February to buy the company for $26 billion.