Categories
3. Read Recent News Business

FACTBOX-Key asset split in Marathon’s two companies

Jan 13 (Reuters) – Marathon Oil Corp (MRO.N) announced plans on Thursday to split into two companies — one focused on exploration and production, while the other will put its refining, marketing, retail and pipeline operations into a stand-alone company. [ID:nN13266904]

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Graphic: Marathon share price performance versus S&P energy

and refining indexes:

r.reuters.com/saj36r

Reuters Insider: $44 Marathon Could Hit $60 on Spinoffs

Investment Banking Specialist Richard Lee says Marathon

shares could hit $60 assuming it can trade with its peers:

link.reuters.com/syq95r

BREAKINGVIEWS-Marathon may herald end of the small

do-it-all [ID:nN13279539]

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Here are key assets in both companies:

MARATHON OIL CORP:

* Exploration and production in existing core areas in the United States, Equatorial Guinea, Libya and the North Sea, with potential growth in Angola, Indonesia, the Iraqi Kurdistan region and Poland.

* In the United States, a net liquids position of about 625,000 acres, and interests in deepwater blocks in the Gulf of Mexico.

Leave a Reply

Your email address will not be published.