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:
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:
BREAKINGVIEWS-Marathon may herald end of the small
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.