Marathon Expects 20% Capex Cut

摘要

Marathon Oil expects its capital spending to range between $4.3 billion and $4.5 billion in 2015 -- a 20% decline from 2014, excluding funds spent on its recently divested Norwegian North Sea business. "Our 2015 capital program is not opportunity constrained but will reflect sound discipline in managing cash flows in the current price environment," said Chief Executive Lee Tillman.