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Tag: marathon
Marathon Oil: Finances Under Siege, Operational Gains Compensate
2015-09-08 08:57:08| Oil & Gas - Topix.net
Marathon Oil has $5.5 billion in liquidity to cover future cash flow gaps as management reduces costs and cuts capital expenditures to rein in its outspend. During the second quarter of 2015 , Marathon Oil Corporation was able to secure an additional $50 million in savings relating to its unconventional drilling and completion operations in the US.
Tags: oil
operational
gains
finances
Marathon Petroleum to expand midstream assets portfolio with $15.8bn MarkWest acquisition
2015-07-14 01:00:00| Hydrocarbons Technology
US based Marathon Petroleum (MPC) will acquire natural gas processing assets with a $15.8bn acquisition of MarkWest Energy Partners.
Tags: expand
portfolio
assets
acquisition
Marathon Oil (MRO) Stock Down as Oil Prices Slip
2015-07-08 23:32:00| Oil & Gas - Topix.net
Crude oil is retreating by 1.32% to $51.64 per barrel and Brent crude is up slightly by 0.39% to $57.07 per barrel this afternoon, according to the CNBC.com index. The price of oil is moving into the red this afternoon following data from the Energy Information Administration showing U.S. crude and gasoline stockpiles increased more than expected last week.
Marathon Oil (MRO) Stock Declining as Oil Prices Fall
2015-07-06 18:04:51| Oil & Gas - Topix.net
Crude oil is slipping by 4.62% to $54.30 per barrel and Brent crude is slumping by 2.57% to $58.77 this morning, according to the CNBC.com index. Oil prices are being pressured by renewed concerns regarding demand following Greece's referendum vote and China's emergency actions to support its stock markets, Reuters reports.
One Reason Marathon Oil (MRO) Stock Closed Down
2015-06-20 19:38:42| Oil & Gas - Topix.net
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