Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Political developments in Russia have forced Marathon Oil Corp. (MRO) to step back and reevaluate its plans to grow in the oil-rich region, a top executive at the U.S. integrated oil company said on Monday.

Russia remains a key region for the company, but Marathon's strategy to grow there will likely change, Chief Financial Officer Janet Clark said at an industry conference.

"The one thing we had not anticipated is the degree of flux on the fiscal side and the political situation in Russia, which has caused us to step back and determine what is the best approach on going forward," Clark said.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.