3 Factors That Make Marathon Oil A Strong Buy Today
By Stock Croc:Marathon Oil (MRO) has started out 2012 at a slower pace than in 2011, and the share price has under-performed many of its competitors. The company made some big changes in 2011 and is now focused on growing production results in the U.S. and and ramping up operations in Libya.In June of 2011, Marathon spun off the company's midstream refining, transport and retail assets into a new company, Marathon Petroleum (MPC). Marathon Oil is now a focused exploration and production - E&P - company, whose fortunes rest on the company's ability to increase oil and gas production along with the prices the company receives for those energy products. The division of integrated oil companies into E&P and refining plus retail is a mini-trend. Later in May 2012, ConocoPhillips (COP) will complete its spin off with the refining and retail assets moving into the new Phillips 66 company.Marathon OilComplete Story »
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