Marathon Oil Corporation’s (MRO) diversification across four prime U.S. producing basins, including two free of Permian transportation constraints, advantages it relative to other producers. This is clear not only from its solid first and second quarter results and expected third quarter production, but also from its expected increases in earnings per share. The company has narrowed its focus by selling some overseas and non-core operations to focus more on its U.S. operations.
Brief Company Summary
Marathon Oil, once known as USX and once integrated with now-separate downstream Marathon Petroleum Corporation (MPC),