Texas Pacific Land Replaces Marathon Oil in S&P 500 After ConocoPhillips Deal

Texas Pacific Land, a large owner of acreage in the Permian basin, will replace Marathon Oil in the S&P 500 index on November 26, as Marathon Oil is being acquired by ConocoPhillips in a deal expected to close on November 22, S&P Dow Jones Indices said. Texas Pacific Land Corporation has a company-level market capitalization that is more representative of the large-cap market space, according to S&P Dow Jones Indices. Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 873,000 acres…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com