27 November 2017
Energy Company of the Year—mid cap
Marathon Oil
Despite a third quarter plagued by heavy storms and hurricanes, Houston-based Marathon Oil has once again delivered on an outstanding year. Production in the US rose 10% over the second quarter—and 17% above year—earlier levels-averaging 245,000 barrels per day. Output from the Eagle Ford inched up to 101,000 b/d-around a 1,000 b/d rise from the previous quarter—despite the devastating damage caused by Hurricane Harvey. Similarly, the company's third quarter output from Libya doubled over the previous quarter—a significant rise considering the firm was unable to produce crude at all during the same quarter in 2016. Marathon Oil also divested its stakes in Canada's oil sands this year. The fi
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