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ConocoPhillips completes acquisition of Marathon Oil

PUBLIC · COPSep 28, 2026

Acquiring Company

ConocoPhillips

Acquired Company

Marathon Oil

HoustonHoustonEnergyOil And GasEnergyOil And Gas

Description

ConocoPhillips has successfully completed its acquisition of Marathon Oil Corporation. This strategic move is expected to enhance ConocoPhillips' portfolio in the energy sector. The announcement was highlighted on Marathon Oil's investor-relations page. Investors are eager to see the implications of this acquisition in the market.

Company Information

Company

ConocoPhillips

Location

Houston, Texas, United States

About

Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $85 billion of total assets, and approximately 10,100 employees at June 30, 2021. Production excluding Libya averaged 1,518 MBOED for the six months ended June 30, 2021, and proved reserves were 4.5 BBOE as of Dec. 31, 2020. For more information, go to www.conocophillips.com.

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Frequently asked

Who acquired Marathon Oil?

Marathon Oil was acquired by ConocoPhillips, based in Houston. The deal was reported on September 28, 2026. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $85 billion of total assets, and approximately 10,100 employees at June 30, 2021. ConocoPhillips is publicly traded (COP) and operates in Energy.

When did ConocoPhillips acquire Marathon Oil?

ConocoPhillips's acquisition of Marathon Oil was reported on September 28, 2026. ConocoPhillips has successfully completed its acquisition of Marathon Oil Corporation. This strategic move is expected to enhance ConocoPhillips' portfolio in the energy sector. The announcement was highlighted on Marathon Oil's investor-relations page. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Marathon Oil do?

Marathon Oil (NYSE: MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. It is privately held, operating in Energy, and is based in Houston.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.