Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal
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FILE PHOTO: A general view shows Marathon Petroleum's oil refinery in Anacortes, Washington, U.S., March 9, 2022. REUTERS/David Ryder/File Photo
HOUSTON (Reuters) - Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips, the company said.
Marathon Oil and ConocoPhillips expect the purchase, which is undergoing a Federal Trade Commission review, to close late in the fourth quarter of 2024. Details of the vote were not immediately available.
(Reporting by Arathy Somasekhar in Houston)
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