The company said it completed its acquisition of Marathon Oil Corporation on November 22, 2024 by merging Puma Merger Sub Corp. into Marathon Oil, with Marathon Oil remaining as the surviving company.

1. 01

   The company said it completed its acquisition of Marathon Oil Corporation on November 22, 2024 by merging Puma Merger Sub Corp. into Marathon Oil, with Marathon Oil remaining as the surviving company.

2. 02

   The company said each outstanding share of Marathon common stock immediately before the merger became effective, other than certain excluded shares, was converted into the right to receive 1 shares of ConocoPhillips common stock and cash in lieu of fractional shares, with 0.255 shares of ConocoPhillips common stock per Marathon share.

3. 03

   The company said that on July 11, 2024, it and Marathon each received a Second Request from the U.S. Federal Trade Commission, and that the HSR Act waiting period expired on November 20, 2024, following the company's and Marathon's certifications of substantial compliance.

4. 04

   The company said that in connection with the merger, it agreed to unconditionally guarantee principal of $1 billion of Series 2017 Revenue Refunding Bonds for the Marathon Oil Corporation Project, and that ConocoPhillips Company will assume Marathon's related obligations effective on or about July 1, 2026.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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