Marathon Braces for Lower 4Q 2007 Margins

摘要

Houston-based Marathon Oil Corp. said last week that the "significant change" in crude oil prices during the second half of 2007 was to blame for the company's lower refining and wholesale marketing gross margins in the fourth quarter. Marathon projects that the 4Q 2007 refining and wholesale marketing gross margin will be about 40% of the $0.17 per gallon earned in 4Q 2006, and it anticipates that refined products sales volume will average approximately 1.4 million b/d in 4Q 2007.