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is increasingly focused on U.S. shale plays to drive strong liquids production growth. As the company pours more money into the oil-rich Bakken and Eagle Ford shales, margins and cash flows should grow significantly, fueling stronger returns for
ET It looks like a ghost town, and Canadian oil helped build it. The burned-out, abandoned parcels of property in a west-end Detroit neighbourhood are the reverse image of an oil boom town a ramshackle yin to the thriving yang of Fort McMurray, Alta.
Marathon Oil Corp. will look to North American shale as a foundation for its 2014 growth agenda, Chief Executive Officer Lee Tillman said Monday. Tillman said at an investment conference in New Orleans his company plans to deploy more than two dozen
On land cleared of tropical forest, gleaming new office towers, apartment blocks, homes and highways dazzle the eye in Equatorial Guinea, Sub-Saharan Africa's No...But cutting away the jungle is proving easier for President Teodoro Obiang Nguema than
Marathon Oil Corporation North Dakota and Texas hold two of America's hottest oil resources plays. That's why oil companies and investors are flocking to profit from the oil-fueled growth these two states provide. However, those aren't the only two
The exploration and production (E&P) company reported earnings of $0.60 a share, which missed analysts' estimates of $0.708 per share by $0.108. Revenues for the quarter were $3.18 billion, which missed estimates of 24 analysts by $470 million.
Marathon Oil Corp. said U.S. oil production increased primarily from operations at the Eagle Ford shale play in southern Texas and similar basins. Marathon Oil President and Chief Executive Officer Lee Tillman said his company's "sharp focus" on
reported its fourth-quarter results after the market closed today, and the company delivered a fourth-quarter profit of $375 million, or $0.54 per share. That was up from last year's fourth-quarter results, when the company reported a profit of $322
ET Marathon Oil Corp. reported lower fourth-quarter sales volume, though the crude oil and natural gas producer's bottom line grew 16% due to fewer income tax provisions. The company had generally posted higher production in recent periods, boosting
Department of Transportation said its inquiry into the transport of Bakken crude oil found some of it wasn't classified properly for rail transit. The department's Pipeline and Hazardous Materials Safety Administration published the first results