Houston-based Marathon Oil Corp. (MRO) on Thursday raised its U.S. and global oil and gas guidance, with domestic onshore operations delivering strong returns sequentially across the board, CEO Lee Tillman said during an earnings conference call to discuss results.
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Marathon Oil Putting Emphasis on U.S. Onshore
Houston-based Marathon Oil Corp. executives on Thursday underscored their stepped-up onshore focus and said 70% of 2018 production will be from U.S. resource plays.
Marathon CEO: ‘Every Dollar Under Scrutiny’
Marathon Oil Corp. capital spending will be at least $600 million less in 2016 compared with this year, and in the United States, unconventional plays will get the dollars as they have proven to be more economic than conventional activities, CEO Lee Tillman said in New York City Wednesday.

Marathon CEO Says U.S. Crude Oil Export Ban Should Be Removed
The United States needs to remove the existing ban on crude oil exports to lower domestic energy prices and boost jobs, Marathon Oil Corp. CEO Lee Tillman said Wednesday in keynote remarks to the Williston Basin Petroleum Conference in Bismarck, ND.