ConocoPhillips to Buy Marathon Oil for $22.5 Bln in Latest Energy Merger

(Reuters) – ConocoPhillips  on Wednesday agreed to buy Marathon Oil  in a $22.5 billion deal, the latest in a series of mega-mergers in the oil and gas industry as companies look to bolster reserves. The U.S. oil and gas industry has been riding a consolidation wave over the last two years. Last year was one of … Read more