Marathon Oil to Grow Shale Position

Reuters reports that Marathon Oil Corp (NYSE:MRO) plans to continue buying acreage in shale basins.

The market news is quoted as saying:

Shares of Marathon Oil, which now has a market capitalization of $23 billion, rose 2.7 percent in midday trading, on a day when the CBOE index of oil companies was off more than 2 percent.

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