FINDLAY, OH (WLIO) - A former Findlay company is getting bought out in a multibillion-dollar deal.
ConocoPhillips is buying Marathon Oil in a deal valued at $22.5 billion, which includes $5.4 billion in debt. Marathon Oil is based out of Houston, Texas, and split off from Marathon Petroleum in Findlay in 2011, making them two separate companies.
Marathon Oil deals with oil exploration and production, while Marathon Petroleum refines, markets, and transports petroleum products for consumers.
Findlay Mayor Christina Muryn says the sale of Marathon Oil will not have a direct impact on the city. She adds that this is a good reminder of the work the city does every day to ensure that Findlay businesses and residents see the city as a place of opportunity.
