Reported 18 days ago
Marathon Oil reported higher than expected third-quarter profits, driven by increased production and strong oil demand, with overall production rising to 421,000 barrels of oil equivalent per day. The company anticipates benefiting from rising U.S. oil consumption and has revised its full-year production forecast upwards. Additionally, Marathon is awaiting the closure of a $22.5 billion acquisition deal with ConocoPhillips, currently under regulatory review.
Source: YAHOO