Marathon oil reports 12% profit gain in Q4

摘要

Houston-Kicking off 2012 as a newly minted independent upstream company, Marathon Oil, whose US Gulf of Mexico exploratory pro- gram has been iffy in recent years, said Feb- ruary 1 it would push on in the area with the aim of chasing larger fields there. A lack of giant finds in the region and a substantial reserve write-down at year-end 2010 on its Droshky field led to industry speculation last year that the company might exit the US Gulf altogether. But Marathon has continued to emphasize the high exploration potential of the Gulf.