Marathon Ratchets Full-Year Production Guidance for Third Consecutive Quarter
Our fair value estimate is unchanged after reviewing Marathon's third-quarter results. The firm delivered production of 419 thousand barrels of oil equivalent per day in the period, exceeding the high end of the 395-415 mboe/d guidance range. The beat was primarily driven by stronger than expected output from U.S. resource plays, which accounted for 294 mboe/d of the firmwide total (compared with guidance of 280-290 mboe/d). International production came in at the high end of guidance (115 mboe/...Marathon Oil is an independent exploration and production company focused on the United States resource plays. The company also has international operations in Equatorial Guinea (E.G.). The company's segments are: United States, which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in the United States; and International, which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of the United States as well as produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol, in E.G.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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