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Marathon Oil Corp

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  • WARSAW, Jan 31- U.S. energy major Chevron Corp said it will stop exploring for shale gas in Poland, a sector that has failed to live up to its early promise of transforming eastern Europe's energy supplies. Exxon Mobil, Total and Marathon Oil have also stopped shale gas exploration in Poland over the past three years. Governments in eastern Europe, especially Poland,...

  • Chevron to stop its shale gas exploration in Poland Saturday, 31 Jan 2015 | 6:24 AM ET

    WARSAW, Jan 31- U.S. energy major Chevron Corp said it will stop exploring for shale gas in Poland, a sector that has failed to live up to its early promise of transforming eastern Europe's energy supplies. Chevron's Polish unit "has decided to discontinue shale gas operations in Poland as the opportunities here no longer compete favorably with other...

  • US STOCKS-Wall St edges up on ECB hopes, but IBM weighs Wednesday, 21 Jan 2015 | 10:09 AM ET

    *IBM shares fall after results, Netflix rallies. NEW YORK, Jan 21- U.S. stocks were flat on Wednesday as reports that new stimulative measures would be announced by the European Central Bank, though a tepid outlook from IBM limited the day's gains. The ECB's Executive Board has proposed a quantitative easing program that would see the ECB buy roughly 50 billion...

  • If oil bounces, these stocks will soar Thursday, 8 Jan 2015 | 10:56 AM ET
    A gas flare is seen at an oil well site outside Williston, N.D.

    WTI crude oil prices are most correlated with oil and gas exploration companies, if history is any guide.

  • 2015 deep value trade pays off early on JC Penney Thursday, 8 Jan 2015 | 7:45 AM ET
    A JC Penney store in Brooklyn, New York.

    A bet on J.C. Penney catapults CNBC "Halftime Report" trader Jim Lebenthal to first place in the show's trading competition.

  • NEW YORK, Jan 6- As if plummeting oil prices were not giving energy companies enough to worry about in 2015, Wall Street has turned against the sector, with stock analysts slashing earnings estimates. One component, Chevron Corp, the No. 2 U.S. energy company, had a 1 in the Analyst Revision Score, meaning analysts have been more furiously lowering estimates for...

  • *Wall Street comes off strong quarter, year. *General Motors announces new recalls, shares drop. Wall Street ended 2014 with solid gains for the year and fourth quarter.

  • *Wall Street comes off strong quarter, year. *General Motors announces new recalls, shares drop. Marathon Oil fell 0.9 percent to $28 while Newfield Exploration sank 2.4 percent to $26.47.

  • Fill'er up: Booming biz for gas station stocks Friday, 19 Dec 2014 | 12:19 PM ET
    File photo of a man putting gas into his Mustang at a Marathon gas station in Chicago.

    As oil prices hold at lows, gas station stocks such as CST Brands and Murphy USA may be the best way to play the energy sector, analysts said.

  • Oil plunges as market seeks bottom Thursday, 18 Dec 2014 | 4:22 PM ET
    A worker for Raven Drilling, helps line up a pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

    Oil futures fell sharply, failing to hold a rally for a second day and signaling traders that the selling is not over.

  • *Brent, U.S. crude fall over $2 a barrel after Wednesday rally. Benchmark Brent and U.S. crude tumbled $2 a barrel each in late trading after initially extending Wednesday's short-covering, which lifted oil prices by more than $3. Some cited a Bloomberg report about a Nigerian port workers union suspending a strike, although workers in that dock union were only...

  • US oil extends swoon, plunges 4% to end near $54 Thursday, 18 Dec 2014 | 2:36 PM ET

    Global crude prices fell again on Thursday, a day after rallying, as traders placed new bets that the market would resume a six-month rout.

  • Oil prices not going up soon: IEA director Thursday, 18 Dec 2014 | 12:38 PM ET
    Workers connect drill bits and drill collars on Endeavor Energy Resources’ Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, Dec. 12, 2014.

    The oil market will eventually respond to low prices, but demand remains muted in China and elsewhere, said Maria van der Hoeven.

  • UPDATE 6-Oil pares gains after early jump to $63 Thursday, 18 Dec 2014 | 10:27 AM ET

    LONDON, Dec 18- Brent crude pared early gains on Thursday to trade back below $62 a barrel, giving up much of a 3 percent spike in London as traders assessed whether a price rout is done. Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing U.S. shale output overwhelms demand, with losses accelerating after producer group OPEC...

  • LONDON, Dec 18- Brent crude rose 2 percent to above $62 a barrel on Thursday, extending a rebound from five-year lows this week as oil's six-month price rout forced more energy firms to cut investments in new production. Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing U.S. shale output overwhelms demand, with losses...

  • Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing U.S. shale output overwhelms demand, with losses accelerating after producer group OPEC decided not to cut output at its meeting last month. At 1109 GMT on Thursday, Brent for February delivery was $2.09 higher at $63.27, after settling up $1.17 in the prior session.

  • Oil this week hit a five-year low of $58.50 and has almost halved since June as fast-growing U.S. shale output overwhelmed demand, with losses accelerating after OPEC decided not to cut output at its meeting last month. At 0918 GMT on Thursday, Brent for February delivery was $1.10 higher at $62.28, after settling up $1.17 in the prior session.

  • Chevron Corp has put a plan to drill for oil in the Beaufort Sea in Canada's Arctic on indefinite hold, while Marathon Oil cut its capital expenditure for next year by about 20 percent. Canadian oil producers also deepened cuts in 2015 spending, as Husky Energy, MEG Energy and Penn West Petroleum joined those hacking back capital budgets in response to tumbling...

  • Chevron Corp has put a plan to drill for oil in the Beaufort Sea in Canada's Arctic on hold indefinitely, while Marathon Oil cut its capital expenditure for next year by about 20 percent. Canadian oil producers also deepened 2015 spending cuts, as Husky Energy, MEG Energy and Penn West Petroleum joined those hacking back capital budgets in response to tumbling...

  • NYMEX-Crude steady above $56/bbl after 1 pct gain Wednesday, 17 Dec 2014 | 7:34 PM ET

    TOKYO, Dec 18- U.S. crude futures were little changed above $56 a barrel on Thursday following volatile trading the previous day due to bearish U.S. oil data, Russia's rouble crisis and a U.S. decision to resume diplomatic ties with Cuba after 50 years. *NYMEX crude for January delivery, which expires after Friday's settlement, was up 1 cent at $56.48 a barrel by 0006...