Reuters reported that Marathon Oil Corporation (NYSE:MRO) announced a $4.822 billion capital, investment and exploration budget for 2012.

Marathon Oil’s Chairman, President and CEO, Clarence P. Cazalot Jr. said:

Our 2012 capital budget of $4.8 billion highlights our continued focus on the liquids-rich U.S. resource plays that will provide the greatest amount of the Company’s projected 5 to 7 percent compound average production growth from 2010 to 2016

Click here to read the full Reuters report.