Marathon to Talk Strategyadmin
Shares of Marathon Oil Corp. rose nearly 3 percent at one point as oil prices spiked, and the company prepared to outline its plans for the year. The company is scheduled to meet with investors and Wall Street analysts Wednesday to talk about its strategy.
“Marathon is poised to enter a growth phase for oil and gas production as key (delayed) projects kick in,” Citi analyst Doug Leggate wrote in a note to clients. The analyst, who rates the stock “Buy,” expects production to jump 17 percent this year.