The company said ConocoPhillips Company (CPCo) accepted for exchange and completed settlement of 6 series of senior notes issued by Marathon Oil Corporation on December 30, 2024, under its exchange offers. The new notes were offered for up to $4.0 billion in principal amount.

1. 01

   The company said ConocoPhillips Company (CPCo) accepted for exchange and completed settlement of 6 series of senior notes issued by Marathon Oil Corporation on December 30, 2024, under its exchange offers. The new notes were offered for up to $4.0 billion in principal amount.

2. 02

   The company said CPCo issued $227,925,000 of its 4.400% notes due 2027, $58,635,000 of its 5.300% notes due 2029, $102,042,000 of its 6.800% notes due 2032, $63,047,000 of its 5.700% notes due 2034, $259,050,000 of its 6.600% notes due 2037, and $151,419,000 of its 5.200% notes due 2045 on the settlement date.

3. 03

   The company said the New Notes are senior, unsecured obligations of CPCo, guaranteed on a senior, unsecured basis by COP. Interest on each series is paid 2 times a year, starting from the first payment date between January 15, 2025 and June 1, 2025.

4. 04

   The company said CPCo, COP and the dealer managers entered into a registration rights agreement, and CPCo and COP agreed to use commercially reasonable efforts to register an exchange offer for the new notes. CPCo must pay additional interest if, among other things, the registration statement is not deemed effective by March 31, 2026.

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