SOURCE: Industrial Info Resources

Industrial Info Resources

February 03, 2011 05:10 ET

Marathon Oil Reports Strong Gains for Fourth-Quarter, Full-Year 2010 as Company Expands, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 3, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Oil and gas giant Marathon Oil Company (NYSE:MRO) (Houston, Texas) saw mostly positive results in fourth-quarter and full-year 2010, as higher price realizations and expanded activity in the U.S. and Iraq boosted the exploration and refining segments. Net income for the quarter was reported to be $2.57 billion for the full year, compared with $1.46 billion in 2009.

Industrial Info is tracking 59 active Marathon projects worldwide that are worth a total of more than $6.8 billion, including a $40 million addition to a refinery in Canton, Ohio. For more information, visit Industrial Info's North American Petroleum Refining Project Database.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to oilandgasproductiongroup@industrialinfo.com or visit our website at www.industrialinfo.com.

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