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Ewart Shadoff, Hall and Korda in Chevron contention

BBC Sport Friday, 19 April 2024
English pair Jodie Ewart Shadoff and Georgia Hall enjoy strong starts a the Chevron Championship in Texas as American Lauren Coughlin leads.
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Chevron Corporation Chevron Corporation American multinational energy corporation

ConocoPhillips to Buy Marathon Oil [Video]

ConocoPhillips to Buy Marathon Oil

ConocoPhillips , to Buy Marathon Oil. ConocoPhillips , to Buy Marathon Oil. On May 29, ConocoPhillips agreed to acquire Marathon Oil in an all-stock deal valued at $17 billion, CNBC reports. The agreement will provide ConocoPhillips with an additional 2 billion barrels of U.S. inventory. This acquisition of Marathon Oil further deepens our portfolio and fits within our financial framework, adding high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position. , ConocoPhillips CEO Ryan Lance, via statement. ConocoPhillips' market cap will exceed $150 billion due to the deal. As an independent producer, ConocoPhillips will now be on the same scale as some big-time players, CNBC reports. For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus. For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus. While the deal is likely to face FTC scrutiny, the fact that Marathon's assets encompass multiple basins supports regulatory approval, Dittmar said. . Once the deal is complete, ConocoPhillips anticipates share buybacks worth $7 billion within the first year. After three years, that number is expected to grow to $20 billion. ConocoPhillips' larger rivals, Exxon Mobil and Chevron, announced blockbuster deals as well last year. ConocoPhillips' larger rivals, Exxon Mobil and Chevron, announced blockbuster deals as well last year

Credit: Wibbitz Top Stories    Duration: 01:31Published

Georgia Hall Georgia Hall English professional golfer

Korda's dominance 'great' for women's golf - Hall

Nelly Korda's run of winning six out of seven events is bringing eyes to women's golf, which can only be good for the game, says England's Georgia Hall.
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Texas Texas U.S. state

Severe Weather Causes Thousands of Americans to Lose Power [Video]

Severe Weather Causes Thousands of Americans to Lose Power

Severe Weather Causes , Thousands of Americans to Lose Power. The past few days have brought deadly tornadoes and storms across the country, BBC reports. Over Memorial Day weekend, at least 23 people were killed, and hundreds more were injured. Approximately 200,000 people still have no power, BBC reports. . Kentucky had the most outages, leaving over 80,000 homes without power. Kentucky Governor Andy Beshear has declared a state of emergency, referencing the "devastating storms that hit almost the entire state.". Texas Governor Greg Abbott said that over a third of the state's counties were in a state of disaster from the extreme weather. The National Weather Service (NWS) warns that severe weather may continue until May 29. Flash flooding, "significant damaging wind and large hail" is expected throughout northern and central Texas, as well as southern Oklahoma. Flash flooding, "significant damaging wind and large hail" is expected throughout northern and central Texas, as well as southern Oklahoma. The East Coast, particularly New York to Maryland, could experience thunderstorms and heavy rain. These disasters come as forecasters predict an "extraordinary" Atlantic hurricane season commencing in June.

Credit: Wibbitz Top Stories    Duration: 01:30Published

Riley pays tribute to Murray after win in Texas

Davis Riley pays tribute to fellow American Grayson Murray after winning the Charles Schwab Challenge in Texas.
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