Marathon Oil Corporation (MRO) is a United States-based oil and natural gas exploration and production company. Marathon spun off its downsteam refining operations on July 1st, 2011, preferring to focus solely upon exploration and resource development.
Marathon's principal exploration activities are in the United States, Norway, Equatorial Guinea, Poland, Angola and Iraqi Kurdistan. Principal production activities are in the United States, the United Kingdom, Norway, and Equatorial Guinea. Marathon Oil also owns interests developing Athabasca oil sands (Canada) resources, as well as the Libyan Waha Oil Company.
Marathon benefits from a number of unique advantages that create opportunities for earnings growth and multiple expansion that more mature supermajors can't replicate. Marathon's balance sheet and historically conservative guidance...
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