| Big Oil: Asset Sales Gain Traction Amid Crude Slump - Analyst Blog | |
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Even the mighty Exxon Mobil Corp. XOM is selling. Last month, the largest U.S. oil company by market value agreed to offload the Chalmette refinery near New Orleans for $322 million. But Europe’s largest oil company Royal Dutch Shell plc RDS.A is expected to make some of the biggest announcements, as it tries to create a leaner structure following the $70 billion acquisition of BG Group. In fact, The Hague-based group will look to liquidate $30 billion worth of assets once the megadeal is finalized. So far in 2015, Shell has sold properties of around $2 billion, mostly in troubled Nigeria. It’s part of the company’s efforts strengthen its financial position and earn considerable cash flow for the shareholders in the years to come. U.S. energy firm ConocoPhillips COP has also pledged to do away with non-core assets worth $2.5 billion, as it focuses on controlling costs amid plummeting oil prices. Finally, the likes of big independents such as Anadarko Petroleum Corp. APC and Marathon Petroleum Corp. MRO – both impacted by lower oil price realizations – are in line to dispose $500 million in assets each. To conclude, the freefall in oil prices have resulted in less cash flow for upstream explorers, leaving debt laden ones vulnerable. They primarily depend on asset sales to ride out the slump. However, as is clear from our analysis, even the integrated supermajors (or the so called ‘Big Oil’) have been increasingly turning to asset sales to weather the storm. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CHEVRON CORP (CVX): Free Stock Analysis Report CONOCOPHILLIPS (COP): Free Stock Analysis Report ROYAL DTCH SH-A (RDS.A): Free Stock Analysis Report EXXON MOBIL CRP (XOM): Free Stock Analysis Report ANADARKO PETROL (APC): Free Stock Analysis Report MARATHON OIL CP (MRO): Free Stock Analysis Report ENERGY XXI LTD (EXXI): Free Stock Analysis Report REX ENERGY CORP (REXX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Marathon Oil Corporation
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CODE : MRO |
ISIN : US5658491064 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Marathon Oil est une société d’exploration minière de pétrole basée aux Etats-Unis D'Amerique. Marathon Oil est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 24,1 milliards US$ (21,1 milliards €). La valeur de son action a atteint son plus bas niveau récent le 13 août 1982 à 0,70 US$, et son plus haut niveau récent le 28 mars 2024 à 28,34 US$. Marathon Oil possède 849 755 866 actions en circulation. |