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Stock impact report

Middle East tensions have put a floor under oil prices, says Marathon Oil CEO [MSNBC.com]

Marathon Oil Corporation (MRO) 
Last marathon oil corporation earnings: 2/12 04:30 pm Check Earnings Report
US:NYSE Investor Relations: marathonoil.com/investors
Company Research Source: MSNBC.com
VIDEO 4:20 04:20 Marathon Oil CEO on the impact of tensions with Iran on crude Power Lunch He attributed the lack of a stronger initial price reaction to the United States' surge in production. "I think the dampening effect ... is really the impact of the U.S. energy renaissance," he said Tuesday on CNBC's "Power Lunch" That said, he argued that U.S. West Texas Intermediate Tillman's comments come as oil prices spiked more than 3% on Friday following Thursday's killing of Iran's top commander Qasem Soleimani Marathon focuses on oil and gas exploration and production, and is a player in the U.S. shale industry, with operations focused on Texas, New Mexico, Oklahoma and North Dakota. The company also has sites in Equatorial Guinea and the United Kingdom, among others. The stock has shed 12% over the last year, underperforming the energy sector's 0.6% decline, and the S&P 500's 27% gain. - CNBC's Stefanie Kratter contributed reporting. Show less Read more
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