Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal By Reuters

HOUSTON (Reuters) – Marathon oil (NYSE: ) shareholders approved the nearly $16 billion acquisition of the U.S. oil producer by ConocoPhillips (NYSE: ) on Thursday, the company said.

Marathon Oil and ConocoPhillips expect the acquisition, which is subject to Federal Trade Commission review, to close at the end of the fourth quarter of 2024. Details of the vote were not immediately available.