Marathon Oil to Grow Shale Position
Investing News Network - July 1st, 2011
Reuters reports that Marathon Oil Corp (NYSE:MRO) plans to continue buying acreage in shale basins.
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.