The world's largest oil and gas companies continue to claim a significant reduction in investment in the oil sector. Thus, the fourth-largest oil producer in the U.S., Marathon Oil, has published new investment plans for 2015.
Recently, the company reduced 20 percent of the size of capital expenditures to the level of $3.5 billion. At the end of 2014, capital expenditure amounted to 5.9 billion. Dollars.
Because of the uncertainty about commodity assets, Marathon Oil management has taken decisive action to protect the company's capabilities in order to maintain a strong position in the oil and gas sector, according to CEO of Marathon Oil, Lee Tillman.
Marathon Oil has assets in Africa, the Middle East, North America and Europe.
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