Marathon Oil Sees Strong Bakken, Eagle Ford Output, Reduces Capital Spending Plan Amid Weak Prices

SUGAR LAND--August 7, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Oil and gas giant Marathon Oil Company (NYSE:MRO) (Houston, Texas) lowered expectations for capital spending but remained optimistic about its expected annual growth, with solid performances in the Bakken, Eagle Ford and other plays helping to offset the effects of low commodity prices. Industrial Info is tracking more than $9.3 billion in active projects involving Marathon Oil.

Within this article: Details on Marathon Oil's quarter and projects, including a series of offshore oil projects in Angola for Total S.A. (NYSE:TOT).