Marathon Oil Corporation (NYSE – MRO)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Marathon Oil Corporation (NYSE – MRO)

BALA CYNWYD – May 29, 2024 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Marathon Oil Corporation (“Marathon Oil” or the “Company”) (NYSE – MRO) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to ConocoPhillips (NYSE – COP). Under the terms of the deal, ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock, based on the closing share price of Marathon Oil on May 28, 2024.

The investigation concerns whether the Marathon Oil Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether ConocoPhillips is paying fair value to shareholders of the Company.

If you own shares of Marathon Oil stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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