Marathon is developing unconventional resources in the Permian, Bakken, Eagle Ford, and Oklahoma.
Marathon's stock took a beating after its fourth-quarter earnings release, despite fairly positive results. Excluding Libya, production came in at 383 mboe/d, which was consistent with previous forecasts. International production was soft due to a third-party pipeline outage in the U.K. North Sea, but the total impact on Marathon's output was only about 2%-3%--not enough to warrant a sell-off. Financial results were positive too, with EBITDA and adjusted EPS of $783 million and $0.07, respective...
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