ConocoPhillips is buying Marathon Oil in a $17.1 billion all-stock deal amidst rising energy prices and big oil company profits, valued at $22.5 billion including debt.
Key players like Chevron and Exxon Mobil have been involved in significant acquisitions, facing potential hurdles like regulatory approvals, antitrust reviews.
Energy companies are engaging in mergers as they benefit from the current economic conditions, such as increased oil prices and market opportunities.
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