M&A - CONOCOPHILLIPS

Form Type: DEF 14A

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: New

Accession Number: 000130817925000308

Filing Summary: ConocoPhillips has announced a significant acquisition of Marathon Oil Corporation, which enhances the company's portfolio by adding high-quality, low-cost supply inventory adjacent to its leading U.S. unconventional position. This acquisition is expected to deliver over $1 billion in run-rate synergies by the end of 2025. The proxy statement outlines details for the upcoming 2025 Annual Meeting of Stockholders, scheduled for May 13, 2025, where stockholders will vote on key items including the election of 12 directors, ratification of Ernst & Young LLP as independent auditors, and an advisory approval of executive compensation. In 2024, ConocoPhillips delivered strong financial performance with earnings of $9.2 billion and increased return to stockholders through share repurchases and dividends. The company remains focused on maintaining financial strength, enhancing shareholder returns, and achieving sustainability targets while actively engaging with stockholders throughout the year. Key governance highlights demonstrate a commitment to overseeing strategy and effective risk management, ensuring accountability and transparency as fundamental principles of their operations.

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Form Type: PRE 14A

Filing Date: 2025-03-19

Corporate Action: Acquisition

Type: New

Accession Number: 000130817925000155

Filing Summary: ConocoPhillips has scheduled its 2025 Annual Meeting of Stockholders for May 13, 2025, emphasizing recent strategic advancements, including the completed acquisition of Marathon Oil Corporation. This acquisition is expected to generate significant synergies. The company's 2024 performance report highlights full-year production of 1,987 thousand barrels of oil equivalent per day and an impressive $9.2 billion in earnings. ConocoPhillips also achieved a 34% increase in dividends and maintained strong stockholder engagement focusing on capital returns, sustainability, and environmental commitments. The meeting will address five key proposals including election of directors, ratification of the independent auditor, advisory approval of executive compensation, and amendments to corporate governance.

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