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Marathon Oil to Sell North Sea Business

Wall Street Journal Original article ›

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Marathon Oil is is planning to sell its North Sea oil properties valued at about $3 billion and focus on North American production. Plans are for increasing capital investment by 13% to $5.9 billion in 2014 and a $2.5 billion share repurchase program. Marathon has sold assets of about $2.7 billion since 2010, and plans further asset sales including a $2.1 billion sale of assets in Angola projects. The strategy is to focus on N. American oil production. Occidental Petroleum, Apache Corp., ConocoPhilips, are also pursuing a similiar strategy by exiting the Middle East and focussing on N. American production.

Marathon oil performance

12/12/2013

Grouped Articles

Marathon Oil to Sell North Sea Business

Wall Street Journal 12/12/2013

Marathon Oil management

12/12/2013

Grouped Articles

Marathon Oil to Sell North Sea Business

Wall Street Journal 12/12/2013


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