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Wednesday, April 7, 2010 as of 11:14 AM ET

Marathon Oil

    Marathon Oil

    Marathon Oil Corporation () is a United States-based oil and natural gas exploration and production company.

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    Get updates on Marathon Oil
    Cairn Joins Marathon In Cyprus Exploration Bid

    Cairn Energy PLC (CNE.

    LN) said Thursday it has teamed up with Houston-based Marathon Oil Corp. (MRO) to jointly bid for oil and gas exploration rights in Cyprus, where huge offshore discoveries of natural gas have reignited international tensions over the divided island.Cairn and joint venture partner Marathon submitted bids May 11, with a decision by the Cyprus Ministry of Commerce Industry and Tourism expected later this year.Recent discoveries of natural gas deposits in the waters off Cyprus and Israel have aroused interest in the eastern Mediterranean from the world's leading energy firms, including Italian giant Eni SpA (ENI) and French major Total SA (TOT). However, the prospect of hydrocarbon wealth has also served to enflame a long-standing dispute between the internationally recognized Republic of Cyprus and the Turkish-controlled Republic of Northern Cyprus."Cyprus offers early stage frontier exploration acreage with moderate technical risk," said Cairn in a statement.Althoug...

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    1. Marathon Oil 1Q Profit Falls 58% Following Spinoff

      Marathon Oil Corp.'s (MRO) first-quarter earnings fell 58% from the year-ago period that included contributions from its former refining and marketing business, miss...

    2. Marathon Oil 1Q Profit Sinks as Production Slows Following Spinoff

      Marathon Oil (NYSE:MRO) revealed a worse-than-expected year-over-year drop in first-quarter earnings on Wednesday, as output fell from the June spinoff of its refini...

    3. Chesapeake, Marathon Weigh On Energy Stocks

      Chesapeake Energy Corp. fell 9% as the worst performer in the S&P 500 in early trades on Wednesday, after the energy company's first-quarter results fell short of Wa...

    4. Marathon Oil 1Q Profit Falls 58% On Spinoff, Lower Sales Volumes

      DOW JONES NEWSWIRESMarathon Oil Corp.'s (MRO) first-quarter earnings fell 58% from a year-earlier period that included contributions from its former refining and mar...

    5. Marathon OIl Profit Down

      Marathon Oil Corp. said Wednesday its first-quarter profit fell to $417 million, or 59 cents a share, from $549 million, or 78 cents a share, in the year-ago period....

    6. Energy Sector Wrap

      The Energy sector (XLE) showed little change during trading today while the S&P 500 rose 0.6%.Forest Oil Corporation (NYSE:FST) was a major loser in the sector. Its ...

    7. Marathon CEO: Mid-con Oil Discount To Be 'Wider For Longer' Than Market Forecasts

      Marathon Petroleum Corp. (MPC) expects to increase its use of crude oil produced in North America and its exports into South America and Europe, underlining the chan...

    8. Marathon Petroleum 1Q Rises 13% On Refining, Retail Margins

      DOW JONES NEWSWIRESMarathon Petroleum Corp.'s (MPC) first-quarter earnings rose 13% as the refining and pipeline company benefited from differentials between crudes ...

    9. Marathon Agrees To Limit Pollution In Clear Air Act Settlement

      DOW JONES NEWSWIRESThe U.S. Department of Justice and Environmental Protection Agency said Marathon Petroleum Corp. (MPC) agreed to reduce air pollution from all six...

    10. Det Norske Oljeselskap Buys 10% Stake In Barents Sea License

      DOW JONES NEWSWIRESNorwegian oil company Det Norske Oljeselskap ASA (DETNOR.OS) said Monday it has acquired a 10% interest in Production License (PL) 531 from RWE De...

    11. Total Executive: Port Arthur Upgrade Not As Profitable As Hoped

      Total S.A. (TOT, FP.FR) bet billions of dollars on a big upgrade to its Port Arthur, Texas, refinery so it could refine the massive amounts of heavy crude that were ...

    12. The Spin Zone

      It turns out that breaking up is not all that hard to do -- at least for corporate America. And for some investors, breakups bring blissful returns. They buy up piec...

    1. CORRECT (5/15): Delta Refines A Fallacy -2-

      A DOW JONES COLUMNNEW YORK (Dow Jones Banking Intelligence)--Note to investment bankers: start working on your pitchbook for Delta Air Lines Inc. (DAL) to divest its...

    2. Statoil Transfers Operatorship Of Vilje Field To Marathon Oil

      Statoil ASA (STL.OS), the Norwegian oil giant, said Wednesday it has transferred operatorship of the Vilje field in the North Sea to Marathon Oil Corp. (MRO).MAIN FA...

    3. Delta Refines A Fallacy -2-

      A DOW JONES COLUMNNEW YORK (Dow Jones Banking Intelligence)--Note to investment bankers: start working on your pitchbook for Delta Air Lines Inc. (DAL) to divest its...

    4. Marathon Agrees To Acquire Paloma II In Eagle Ford Expansion

      Marathon Oil Corp. (MRO) has agreed to acquire Paloma Partners II LLC for around $750 million in cash, as the company expands its operations in the oil-rich Eagle Fo...

    5. Oracle, Prudential Financial Among Stocks Down on High Volume Monday

      There are a few stocks down on high volume today:Oracle (NASDAQ:ORCL) was down on high volume after trading at a volume of 33.6 million, or 1.5 its average daily vol...

    6. Marathon Oil 1Q Profit Falls In Spin-Off's Wake

      Marathon Oil Corp.'s (MRO) first-quarter earnings fell 58% from the year-ago period that included contributions from its former refining and marketing business, miss...

    7. ConocoPhillips, National Oilwell Varco Among Stocks Down on Above-average Volume Wednesday

      These are stocks that are down on high volume today:Trading at a volume of 14.5 million, or 1.7 its average daily volume, ConocoPhillips (NYSE:COP) was down on high ...

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