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Marathon Oil to cut 2015 budget 20 percent

2014-12-19 07:00:08| Oil & Gas - Topix.net

Houston-based Marathon Oil Corp. is the latest energy company to cut its 2015 budget in the wake of falling oil prices. Marathon expects its 2015 capital, investment and exploration budget will be about 20 percent lower than equivalent spending in 2014, excluding its recently disposed Norway business.

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