The company will spend $242 million to resolve allegations that it released methane, a greenhouse gas, and other pollutants in North Dakota.
Category: ConocoPhillips
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ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal
The takeover is the latest in a wave of consolidation sweeping the oil industry, with the biggest players rushing to acquire smaller rivals.
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ConocoPhillips to Buy Marathon Oil as M.&A. Frenzy Continues
ConocoPhillips has agreed to buy Marathon Oil for $22.5 billion, as consolidation in the U.S. energy sector shows little sign of slowing down.
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California Sues Oil Giants, Claiming Decades of Deception
Launching one of the most prominent climate lawsuits in the nation, the state claims Exxon, Shell, BP and others misled the public and seeks creation of a special fund to pay for recovery.