International Upstream, Refining Limit Earnings Dip for Marathon

摘要

Marathon Oil's second-quarter earnings fell 47% as sharply lower prices compared with last year's peak more than offset most increases in volume, helping to push earnings below analysts' expectations. However, the company's strong presence overseas continued to help it weather the sharp downturn in North America. For the year, Marathon said it expects "significant production growth" from projects in the Gulf of Mexico, Norway and Equatorial Guinea.