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Actionable news in MRO: MARATHON OIL CORPORATION,

Marathon Oil’s Quarterly Results Beat Projections as Loss Narrows Sharply

Marathon Oil Corp.’s loss narrowed sharply in the latest quarter, helped by higher-than-projected production and lower costs.

The Houston exploration-and-production company said it plans to increase rig activity by about 50% by year’s end, while staying within its planned $1.3 billion capital-spending budget.

Shares, up 1.5% this year, rose 1.6% to $12.99 in after-hours trading.

Reeling from depressed prices, Marathon has...


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