Hints and tips:
...A marathon effort over the first weekend of July to finalise the banks’ IT systems — albeit briefly interrupted when an unsuspecting employee opened a dishwasher mid-cycle and set off the fire alarm — has...
...In the US both ConocoPhillips and Marathon Oil spun out their refining and marketing businesses about a decade ago. The newly separated businesses created more market value than did the rumps....
...., Marathon, Devon, and EOG), all of which have seen more than a 20% drop in stock prices, despite less than a 20% drop in oil prices....
...Bruce McCullough, chief information officer at Marathon Oil, another large US E&P company, told a Financial Times conference in Houston earlier this month that the volumes of data available amounted to a...
...Avenue Capital, a New York-based firm, has recently raised a $600m fund to buy aircraft, alongside rival funds including Napier Park, Castlelake and Marathon who have ploughed money into the business....
...Murphy Oil saw earlier gains in the week pared back, falling 0.8 per cent to $31.75. Noble Energy dropped 1.2 per cent to $35.87, while Marathon Petroleum gained 1.9 per cent to $37.96....
...Two of the biggest hedge funds in the distressed investing landscape, Marathon Asset Management and Avenue Capital, began the shift earlier: Marathon used a similar vehicle for a fund focused on Europe in...
...Ratings for Hess, Marathon Oil and Murphy Oil, three other leading independent US exploration and production companies, were cut to BBB-, also still investment grade but just one notch above junk....
...(Financial Times) The dramatic fall from grace of Brazilian tycoon Eike Batista entered its final stages on Tuesday as his oil company OGX edged closer to a bankruptcy that would trigger Latin America’s...
...ConocoPhillips also has 30 per cent and Cobalt International Energy has 20 per cent, while Marathon Oil and Venari Resources, a recent exploration start-up backed by Warburg Pincus, each have 10 per cent...
...Murphy’s move came after ConocoPhillips spun off its Phillips 66 business, while Marathon divided into Marathon Oil and Marathon Petroleum....
...Marathon Petroleum shares climbed 9.6 per cent to $41.88, as the company announced a $2bn share buy-back programme....
...He goes on: Thus, what is so bullish about the current string of crude oil draws in the U.S.? Not much....
...In addition, Mr Langford, who last year worked on the $35bn merger of ConocoPhillips with Burlington Resources, and this week advised on Marathon Oil’s sale of its Russian assets to Lukoil, will keep the...
...Heavyweight oil stocks felt the benefit of heightened worries over the sustainability of crude supplies, with ExxonMobil climbing 3.2 per cent to $61.05, Chevron up 5.7 per cent to $57.18 and Marathon Oil...
...Meanwhile, Marathon, the fourth-largest oil and gas company in the US, beat Wall Street estimates, reporting earnings per share of $2.16, compared with the consensus forecast of $1.57....
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