Major Growth Ahead for Marathon Oil
Marathon Oil (NYS: MRO) has released its guidance for 2013, in which it details a three-part strategy for aggressive growth. The company will first be looking to build a solid portfolio of reliable revenue generation, followed by strengthening its stake in existing high-growth areas such as the Bakken and the Eagle Ford shales, and lastly the company will be looking for new large-scale growth plays, with $450 million in exploration expenditures both offshore in deep water and in nations such as Ethiopia, Kenya, Gabon, Iraq, and Norway.
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The article Major Growth Ahead for Marathon Oil originally appeared on Fool.com.Joel South, Taylor Muckerman, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.