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Marathon Oil

Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Despite spending cuts and cost savings, Marathon Oil posts $386 million loss

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A collapse in crude prices trumped other efforts by the Houston-based exploration and production company to balance its budget, including boosting its production and paring back its budget.
Lee Tillman, CEO of Marathon Oil (Marathon)

OTC Commentary: Marathon CEO says U.S. crude oil policies are antiquated

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Marathon Oil CEO Lee Tillman writes that the U.S. shale revolution needs a bigger funnel for the glut of crude it has created.
Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Marathon cuts 2015 capital spending by another $1 billion

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The cut is the second the company has made since crude prices began falling last summer.
OIL GAS RIG

Canadian oil company cuts more than $2 billion from 2015 budget

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It joins a slew of competitors of various sizes, from Marathon Oil to Continental Resources to ConocoPhillips, who have all cut their planned 2015 capital budgets as well.
Southwestern Energy chief executive Steven Mueller at a drilling rig near Wonderview, Ark. (Stephen Thornton/The New York Times)

Southwestern — unlike peers — plans to boost 2015 spending

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Firms like Continental Resources, Apache Corp., ConocoPhillips and Marathon Oil have all announced big cuts this winter to their planned capital expenditures.
(Simon Dawson/Bloomberg)

Marathon evacuates personnel from two North Sea platforms

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About 75 workers were transferred to shore from the Brae Alpha and Brae Bravo platforms.
(David Paul Morris/Bloomberg)

Chevron abandons Arctic drilling plans

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Chevron told Canada’s National Energy Board Wednesday that it would pull out of Beaufort Sea.
A Marathon Oil drilling rig works in the Bakken Shale of North Dakota. (Houston Chronicle)

Marathon Oil will cut more than $1B from 2015 budget

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Marathon Oil Corp. will spend about 20 percent less looking for and producing oil next year, the company said on Thursday.
Marathon Oil's corporate headquarters in Houston.  (AP file photo/Pat Sullivan)

Marathon Oil, Total strike oil in Kurdistan

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The Houston-based independent oil and gas company said Monday that the Jisik-1 exploration well discovered multiple stacked oil and natural gas producing zones at its Harir Block in the northern reaches of Iraq.
(AP Photo/Gregory Bull, File)

Marathon remains committed to shale drilling despite falling oil price

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Despite falling oil prices, Marathon Oil said it remains committed to key U.S. shale plays.