Marathon Oil traded at $28.56 this Thursday November 21st, decreasing $0.35 or 1.21 percent since the previous trading session. Looking back, over the last four weeks, Marathon Oil lost 7.29 percent. Over the last 12 months, its price rose by 13.13 percent. Looking ahead, we forecast Marathon Oil to be priced at 27.68 by the end of this quarter and at 25.21 in one year, according to Trading Economics global macro models projections and analysts expectations.
Marathon Oil Corporation is an exploration and production company. The Company is focused on the United States resource plays, which includes the Eagle Ford in Texas, the Bakken in North Dakota, STACK and SCOOP in Oklahoma and Northern Delaware in New Mexico. The Company operates through two segments: United States and International. The United States segment explores, produces and markets crude oil and condensate, Natural gas liquids (NGLs) and natural gas in the United States. The International segment explores, 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 (LNG) and methanol, in Equatorial Guinea (E.G.).