Showing posts with label Marathon Oil. Show all posts
Showing posts with label Marathon Oil. Show all posts

Tuesday, January 6, 2015

How Does Fracking Really Work? Video from Marathon Oil

Do you understand how fracking really works? If you are investing in the oil sector it's important to know how the technology that is driving the boom we are experiencing works. Marathon Oil [ticker $MRO] has put together this great animation on the basics of hydraulic fracturing, or "fracking."

This video is intended for novices, it explains how horizontal drilling works and explains the roles of water and sand.

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Safe, cost effective refinements in hydraulic fracturing (also known as fracking), horizontal drilling and other innovations now allow for the production of oil and natural gas from tight shale formations that previously were inaccessible. This video introduces the proven techniques used to extract resources from shale formations in a safe, environmentally responsible manner. Includes Spanish subtitles.


Friday, November 5, 2010

Finding Opportunity in Marathon Oil

Stephanie Link explains why Marathon Oil's stock dropped after reporting a good quarter and how she advises.



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Monday, August 3, 2009

Marathon Oil Profit Falls 47% as Energy Prices Drop

Marathon Oil Corp., the fourth largest U.S. energy company, said second quarter profit fell 47 percent after the recession sapped fuel demand, spurring a collapse in petroleum prices. Net income dropped to $413 million, or 58 cents a share, from $774 million, or $1.08, a year earlier, Houston based Marathon said today in a statement. Excluding such items as gains on asset sales, per share profit was 35 cents, 18 cents below the average of 17 analyst estimates compiled by Bloomberg. Marathon was paid an average of $55.49 per barrel of oil, down by more than half from a year earlier, and its average natural gas price tumbled 57 percent. Marathon follows Exxon Mobil Corp., Chevron Corp. and ConocoPhillips, the biggest U.S. oil companies, in reporting declines in second-quarter profits.....Complete Story

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Friday, July 17, 2009

Chinese Oil Majors Collect Stake in Angola's Block 32 for $1.3B


Marathon announced that its subsidiary, Marathon International Petroleum Angola Block 32 Limited, has entered into a definitive agreement with CNOOC International Limited (CNOOC), and Sinopec International Petroleum Exploration and Production Corporation (SINOPEC) under which CNOOC and SINOPEC will purchase an undivided 20 percent participating interest in the Production Sharing Contract and Joint Operating Agreement in Block 32 offshore Angola. The transaction has a total value of $1.3 billion, excluding any purchase price adjustments at closing, with an effective date of Jan. 1, 2009.....Complete Story

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Sunday, May 31, 2009

Crude Oil Market Winners For This Week

~~~~Company~~~~~~~~~Friday's Close~~~~~%Gain Based on 2 Days
1. Hess Corporation.......65.65...................6.96..........
2. Marathon Oil............31.01...................6.05..........
3. Husky Energy...........33.89...................5.25..........
4. Petro-Canada...........48.49...................4.82..........
5. Suncor...................34.82...................4.75..........

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